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Kochhar-Videocon case: 'Prima facie' case of money laundering; ED order upheld
Financial Express Ahmedabad
|July 23, 2025
AN APPELLATE TRIBUNAL has said there was a "prima facie" case of money laundering against former ICICI Bank CEO and MD Chanda Kochhar and her husband in a corruption case involving the Videocon Group, as it upheld a 2020 ED order attaching a Mumbai flat of the couple worth crores of rupees.
The tribunal, in an order issued on July 3, said it finds "substance" in the "quid pro quo" allegation made by the Enforcement Directorate against Chanda Kochhar for sanction of a loan of ₹300 crore to Videocon International Electronics Ltd (VIEL), as post this disbursal, a sum of ₹64 crore was transferred by the Videocon Group to NRPL, a company of her husband Deepak Kochhar.
This story is from the July 23, 2025 edition of Financial Express Ahmedabad.
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