NEW DELHI: The Enforcement Directorate will fly down Deepak Kochhar to the capital for his custodial interrogation in a money laundering case in which he is co-accused along with his wife and former ICICI Bank CEO Chanda Kochhar.
The promoter of Nupower Renewables, Deepak Kochhar, was arrested on Monday by the agency in Mumbai for being allegedly evasive during questioning in the recent past. A special court in Mumbai remanded him in ED custody till September 19 in view of fresh evidence gathered by the agency and for his refusal to cooperate with the investigative team.
Chanda Kochhar and Videocon Chairman Venugopal Dhoot, other two accused in the money launder ing investigation initiated by the agency in January 2019, might also face action as, sources claimed, they too have been evasive.
“Both Dhoot and Chanda Kochhar have not been forthcoming in their statements recorded with the agency while the money trail is providing direct evidence to a quid pro quo,” an officer pointed out.
Deepak Kochhar will be questioned at the agency’s headquarters by the headquarter intelligence unit (HIU) which is probing his case. The high-profile probe is monitored by the special HIU team also for the reason that the ED case is based on a CBI FIR registered in the national capital. The former ICICI Bank CEO is accused of “illegal sanctioning of loans” of Rs 1,875 crore to the Videocon group of companies as part of an alleged quid pro quo in which Dhoot paid money to Deepak Kochhar’s Nupower Renewables.
The judge observed that the custodial interrogation of Deepak Kochhar was “necessary”. It is an economic offence which requires a certain different type of probe, so considering overall arguments, the accused is remanded in the ED’s custody, the court said.
The promoter of Nupower Renewables, Deepak Kochhar, was arrested on Monday by the agency in Mumbai for being allegedly evasive during questioning in the recent past. A special court in Mumbai remanded him in ED custody till September 19 in view of fresh evidence gathered by the agency and for his refusal to cooperate with the investigative team.
Chanda Kochhar and Videocon Chairman Venugopal Dhoot, other two accused in the money launder ing investigation initiated by the agency in January 2019, might also face action as, sources claimed, they too have been evasive.
“Both Dhoot and Chanda Kochhar have not been forthcoming in their statements recorded with the agency while the money trail is providing direct evidence to a quid pro quo,” an officer pointed out.
Deepak Kochhar will be questioned at the agency’s headquarters by the headquarter intelligence unit (HIU) which is probing his case. The high-profile probe is monitored by the special HIU team also for the reason that the ED case is based on a CBI FIR registered in the national capital. The former ICICI Bank CEO is accused of “illegal sanctioning of loans” of Rs 1,875 crore to the Videocon group of companies as part of an alleged quid pro quo in which Dhoot paid money to Deepak Kochhar’s Nupower Renewables.
The judge observed that the custodial interrogation of Deepak Kochhar was “necessary”. It is an economic offence which requires a certain different type of probe, so considering overall arguments, the accused is remanded in the ED’s custody, the court said.
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