Deepak Kochhar checks Covid constructive, lands in AIIMS

New Delhi, September 14

Former ICICI Bank chairman Chanda Kochhar’s husband Deepak Kochhar who was lately arrested in a cash laundering case by the Enforcement Directorate has examined constructive for COVID-19.

Kochhar has been admitted to the All India Institute of Medical Sciences (AIIMS) right here, the businessman’s authorized crew confirmed to IANS over the cellphone.

His counsel Vijay Aggarwal who met him on Sunday within the ED workplace additionally self-quarantined himself.

A Special Court earlier this month despatched Kochhar to 11 days ED custody after the federal company arrested him in a money-laundering case.

Kochhar, the husband of the high-profile former ICICI Bank CEO and MD Chanda Kochhar, is going through costs of money-laundering within the ICICI Bank-Videocon Group case.

A Special Prevention of Money Laundering Act Court had despatched him to the ED custody until September 19.

The motion got here practically a yr after the Central Bureau of Investigation launched a probe towards Videocon Group Director Venugopal Dhoot, his corporations Videocon International Electronics Ltd. and Videocon Industries Ltd, and the Kochhars.

Following the CBI grievance, the ED launched its personal probe into the money-laundering angle, and earlier this yr, provisionally hooked up property valued at round Rs 78 crore, together with a flat in Mumbai, land, and plant and equipment of a wind energy venture in Maharashtra and Tamil Nadu, which had been “owned/controlled” by the Kochhars.

The probe revealed that financial institution loans had been refinanced and new loans aggregating to Rs 1,730 crore had been sanctioned to Videocon and its group corporations, and these loans later grew to become non-performing property (NPA) for ICICI Bank on June 30, 2017. IANS

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