On January 30, the special court of the Prevention of Money Laundering Act (PMLA) summoned Chanda Kochhar, her husband Deepak Kochhar, Videocon group promoter Venugopal Dhoot and other accused in the case after taking cognizance of the Enforcement Directorate (ED) charge sheet. . Deepak Kochhar was arrested by the ED in September 2020 after registering a criminal case of money laundering based on an FIR filed by CBI against Kochhar, Dhoot and others.
The ED alleges that a committee of ICICI Bank headed by Chanda Kochhar approved a loan of Rs 300 crore to Videocon International Electronics Limited and Videocon Industries on September 8, 2009, the next day of issuing the loan, Rs 64 crore Newpower Renewable Private Limited (NRPL). Deepak Kochhar is the owner of NRPL.
In the last hearing, Nandgaonkar had said that given the material provided under the PMLA, written complaints and recorded statements, it appears that Chanda Kochhar misused her position and gave loans to accused Dhoot and / Videocon group companies.