ED investigating at least 6 high-value loans in ICICI Bank-Videocon case

LRs to be issued to foreign agencies to gather more evidence

The Enforcement Directorate (ED) is probing at least six high-value loans sanctioned to firms between 2009 and 2011  when Chanda Kochhar was the chief executive officer and managing director at ICICI Bank. The probe agency suspects there have been kickbacks or illegal gratification for extending these loans.

The enforcement agency, interrogating Kochhar for the fourth consecutive day on Monday, said  she had been cooperating in the investigation. However, she was not clear about certain transactions, it said. Also, she maintained she was not aware about the nuances of the business deals involving her husband Deepak Kochhar’s firms.

Some of these