Kochhar and family got at least Rs 500-cr kickback, will seize assets: ED

ICICI Bank brass to be summoned for questioning in Videocon case

The Enforcement Directorate (ED), which is probing the violation of anti-money laundering laws in the Rs 3,250 crore ICICI-Videocon loan case, has so far established that Rs 500 crore was received as kickbacks by the bank’s former chief Chanda Kochhar and her family. Sources in the probe agency say they would soon seize the Kochhar family's assets created out of the proceeds of the crime.

At present, the enforcement agency is looking at the total quantum of the loan amount which was sanctioned by the bank and being allegedly routed to Deepak Kochhar’s firms. “There's clear evidence of a quid pro