Chanda Kochhar involved in okaying 46% of loan proposals for Videocon: ED
Thu, Dec 10 2020 07:03:10 PM
By Anand Singh
Mumbai, Dec 10 (IANS): Chanda Kochhar was part of the committee or present in meetings where 46 per cent proposals of Videocon Group were agreed to, and out of which eight proposals amounting to Rs 5,394 crore were sanctioned after she became MD and CEO of ICICI Bank, the Enforcement Directorate (ED) said in its charge sheet in connection with ICICI-Videocon loan case.
The 308-page charge sheet filed by ED before a Special Prevention of Money Laundering Act (PMLA) court here last month, which has been viewed by IANS, claimed that the investigations under PMLA revealed: Chanda Kochhar was part of the committee or present in the meeting in 28 proposals (46 per cent of all proposals) of Videocon Group.