The Enforcement Directorate (ED) attached assets of ex-ICICI Bank managing director and chief executive officer (CEO) Chanda Kochhar and others worth Rs 78 crore, in connection with cash for loan scam.
Shares of Kochhar, who is being probed in connection with the Videocon loan case, have been provisionally attached by the ED along with her Mumbai apartment. According to sources, the ED provisionally attached Rs 78 crore worth of Kochhar’s assets.
It was earlier reported that the ED was planning to provisionally attach some properties belonging to the former ICICI Bank MD and CEO and her husband Deepak Kochhar.
This is one of the biggest steps taken by authorities since the case was filed in January 2019.
Kochhar and eight others from the bank were accused of irregularities in sanctioning loans to now-defunct Videocon Group.