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Chanda Kochhar: ED assures SC of no coercive motion in opposition to former ICICI Bank CEO Chanda Kochhar in PMLA case

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New Delhi: The Enforcement Directorate (ED) Friday assured the Supreme Court that it could not take any coercive motion in opposition to former ICICI Bank CEO and MD Chanda Kochhar in a cash laundering case. A bench headed by Justice S Ok Kaul was knowledgeable by Solicitor General Tushar Mehta that the company wouldn’t take any coercive step in pursuance of the ECIR registered in ICICI Bank-Videocon Group mortgage case.

The bench, additionally comprising Justices Dinesh Maheshwari and Hrishikesh Roy, mentioned it could hear later the 2 different petitions filed by Chanda Kochhar difficult the arrest of her husband Deepak Kochhar within the case.

The ED has just lately filed a cost sheet in opposition to Kochhar, Deepak Kochhar and Videocon Group promoter Venugopal Dhoot on cash laundering expenses.

Kochhar’s, Dhoot and others have denied the allegations, official sources had mentioned earlier.

They had mentioned the cost sheet or the prosecution grievance has been filed underneath the Prevention of Money Laundering Act (PMLA) earlier than a particular courtroom in Mumbai.

The central probe company had arrested Deepak Kochhar in September after it filed a legal case of cash laundering after learning an FIR registered by the CBI in opposition to the Kochhars, Dhoot and others.

It has slapped cash laundering expenses in opposition to the Kochhars and their enterprise entities for “illegal sanctioning of loans amounting to Rs 1,875 crore to the Videocon Group of companies”.




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