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Added on : 2020-01-10 18:14:37

The Enforcement Directorate has temporarily attached Rs 78 crore worth of properties belonging to former ICICI Bank CEO Chanda Kochhar as part of its investigation into a money laundering case involving the bank and the Videocon Group. The provisionally attached properties include her Mumbai apartment and those belonging to a company owned by her husband, Deepak Kochhar. Speaking shortly after the Enforcement Directorate's order, Ms Kochhar's lawyer, Sujay Kantawala, said the agency now had 180 days to prove the purchase of the flat was from "so-called proceeds of crime".

The Enforcement Directorate has temporarily attached Rs 78 crore worth of properties belonging to former ICICI Bank CEO Chanda Kochhar as part of its investigation into a money laundering case involving the bank and the Videocon Group. The provisionally attached properties include her Mumbai apartment and those belonging to a company owned by her husband, Deepak Kochhar. Speaking shortly after the Enforcement Directorate's order, Ms Kochhar's lawyer, Sujay Kantawala, said the agency now had 180 days to prove the purchase of the flat was from "so-called proceeds of crime".

Editor & Publisher : Dr Dhimant Purohit

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