Kochhars | Common News Update

Jan302021 by adminNo Comments

PMLA case: Kochhars, Venugopal Dhoot told to appear in court on February 12

Finance

Mumbai: A special PMLA court in Mumbai on Saturday issued summons to former ICICI Bank managing director Chanda Kochhar and other accused after taking cognizance of the charge sheet filed against them by the Enforcement Directorate in a money laundering case and asked them to appear before court on February 12. The ED filed its first charge sheet against Kochhar, her husband Deepak Kochhar, and Videocon Group promoter Venugopal Dhoot on money laundering charges in November. Special PMLA Judge AA Nandgoankar took cognisance of the complaint filed by ED on Saturday and directed all the accused to remain present before it on February 12. The ED had filed a money laundering case against the Kochhars, Dhoot and others for "illegal sanctioning of loans amounting to Rs 1,875 crore to the Videoc...

Sebi may summon Kochhars soon; board to discuss coordinated efforts with govt, RBI

Finance

Capital markets regulator Sebi (Securities and Exchange Board of India) may soon summon ICICI Bank's on-leave CEO Chanda Kochhar and her husband with regard to a probe into alleged regulatory lapses with regard to his business dealings, officials said Sunday. Besides, some other top officials of the bank, as also from Videocon, which allegedly benefitted due to its association with Kochhar's husband, are also likely to be called for their personal hearings regarding charges against them that may lead to the bank and its embattled chief being slapped with several crores of rupees in fines and other penal actions including ban from markets and directorships. According to top officials, the multi-agency probe into ICICI Bank and business dealings of the Kochhar family will also be discussed...

All property dealings by Kochhars under probe

Finance

Mumbai: The probe into charges against Chanda Kochhar will cover all property dealings by the Kochhar family since she took over as CEO of ICICI Bank. The board has asked Justice BN Srikrishna, who is conducting the investigation, to look into all allegations against Kochhar, said two people familiar with the matter. It has asked Srikrishna to examine whether properties and assets acquired by the Kochhar family since she took over as CEO were purchased at concessional or lower than prevailing market prices. He will also look into possible banking relationships and the terms of loans or banking facilities enjoyed by builders or sellers of these assets with ICICI Bank. “That is correct. I am heading an investigation into several allegations made by a whistleblower against her,” J...