Finance

ICICI Bank-Videocon loan case: Chanda Kochhar and family reportedly got Rs 500 crore kickback

Updated : March 07, 2019 08:46 AM IST

The authorities will soon seize Kochhar's family assets created out of proceeds from the crime, the report said.

At present, the enforcement agency is looking into the number of loans sanctioned by the bank and into the allegations of the funds being routed to Deepak Kocchar's firm, the report said.

ICICI Bank-Videocon loan case: Chanda Kochhar and family reportedly got Rs 500 crore kickback

The Enforcement Directorate (ED), which is investing the ICICI Bank-Videocon loan case, has established that Rs 500 crore was received as kickbacks by the bank's former chief Chanda Kochhar and her family, Business Standard reported.

The authorities will soon seize Kochhar's family assets created out of proceeds from the crime, the report said citing sources in the investigating agency.

At present, the enforcement agency is looking into the number of loans sanctioned by the bank and into the allegations of the funds being routed to Deepak Kocchar's firm, the report said.

The report also said that the agency is planning to summon the people who were a part of the credit committee when ICICI Bank had to record their statements.

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