The Enforcement Directorate on Tuesday again quizzed former ICICI Bank managing director and chief executive officer Chanda Kochhar and her husband Deepak Kochhar in the Videocon Group loans case. The Kochhars have been asked to submit some more documents, according to an official. Videocon Group head Venugopal Dhoot allegedly invested the money in Nupower Renewables Limited through Supreme Energy Private Limited, which was later transferred to Pinnacle Energy Trust, another firm managed by Mr. Kochhar. Six high-value loans sanctioned to the firms in question between June 2009 and October 2011 are under scrutiny. The outstanding amount as on April 26, 2012, were adjusted as another term loan of ₹1,730 crore under refinance of domestic debt scheme.

Source: The Hindu May 14, 2019 17:03 UTC