New Delhi/Mumbai: The Enforcement Directorate (ED) on Friday carried out searches at residential premises and office of former ICICI bank CEO Chanda Kochhar.
The offices and house of Videocon promoter Venugopal Dhoot in connection with a bank loan fraud case were also searched, officials said.
According to reports, the raids are being carried out in at least five office and residential premises in Mumbai and a few other locations.
The ED said in a statement that it is “conducting searches under PMLA at the premises of Chanda Kochhar, former chairman ICICI Bank, and Venugopal Dhoot of Videocon Group in Mumbai and Aurangabad respectively.”
The ED had registered a criminal case under the Prevention of Money Laundering Act (PMLA) earlier this month against Chanda Kochhar, her husband Deepak Kochhar, Dhoot and others to probe alleged irregularities and corrupt practices in sanctioning of Rs 1,875-crore loans by the ICICI bank to the corporate group.