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ED attaches Rs 78-crore assets of former ICICI CEO Chanda Kochhar, others

New Delhi, January 10 Assets worth Rs 78 crore have been attached by the ED in connection with a money-laundering probe against former ICICI Bank CEO Chanda Kochhar and others, officials said on Friday. A provisional order under the Prevention...
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New Delhi, January 10

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Assets worth Rs 78 crore have been attached by the ED in connection with a money-laundering probe against former ICICI Bank CEO Chanda Kochhar and others, officials said on Friday.

A provisional order under the Prevention of Money Laundering Act (PMLA) has been issued for attachment of the properties that includes Kochhar’s Mumbai-based house and some other assets belonging to a company linked to her, they said.

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The book value of the attached assets is Rs 78 crore, they said.

The Enforcement Directorate (ED) is probing Kochhar, her husband Deepak Kochhar and others in a case of alleged irregularities and money-laundering in giving loans by the bank to the Videocon group. PTI

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