NEW DELHI: Assets worth Rs 78 crore have been attached by the ED in connection with a money laundering probe against former ICICI Bank Chairman Chanda Kochhar and others, officials said on Friday.
A provisional order under the Prevention of Money Laundering Act (PMLA) has been issued for attachment of the properties that includes Kochhar’s Mumbai-based house and some other assets belonging to a company linked to her, they said.
ED attaches Flat, Land, seized cash, plant & machinery i.e. Windfarm Projects located in Tamil Nadu and Maharashtra totaling to ₹ 78.15 Crores in possession of Chanda Kochhar, Deepak Kochhar and the companies controlled by Deepak Kochhar, under PMLA in ICICI Bank loan case.
— ED (@dir_ed) January 10, 2020
The book value of the attached assets is Rs 78 crore, they said.
The Enforcement Directorate (ED) is probing Kochhar, her husband Deepak Kochhar and others in a case of alleged irregularities and money laundering in giving loans by the bank to the Videocon group.
Source: Press Trust of India