Videocon loan case: ED searches premises of Chanda, Deepak Kochhar

The Enforcement Directorate sleuths are probing the proceeds of crime which are suspected to have been used for creating assets

The Enforcement Directorate (ED) on Friday carried out an extensive search operation at the residence of Chanda Kochhar, former managing director and chief executive officer at ICICI Bank, in the Rs 3,250-crore Videocon group loan case. Business premises of her husband Deepak Kochhar and others were also searched in Mumbai and Aurangabad. 

Confirming the development, an ED official said the searches were conducted in at least in five locations, including some premises of Videocon group companies. The search would continue over the weekend against the prime accused for their involvement in disbursing loans to the tune of Rs 3,250 crore