ED assures SC of no coercive motion towards former ICICI Financial institution CEO Chanda Kochhar in PMLA case

NEW DELHI: The Enforcement Directorate (ED) Friday assured the Supreme Court docket that it will not take any coercive motion towards former ICICI Financial institution CEO and MD Chanda Kochhar in a cash laundering case.
A bench headed by Justice S Okay Kaul was knowledgeable by Solicitor Common Tushar Mehta that the company wouldn’t take any coercive step in pursuance of the ECIR registered in ICICI Financial institution-Videocon Group mortgage case.
The bench, additionally comprising Justices Dinesh Maheshwari and Hrishikesh Roy, stated it will hear later the 2 different petitions filed by Chanda Kochhar difficult the arrest of her husband Deepak Kochhar within the case.
The ED has just lately filed a cost sheet towards Kochhar, Deepak Kochhar and Videocon Group promoter Venugopal Dhoot on cash laundering fees.
Kochhar’s, Dhoot and others have denied the allegations, official sources had stated earlier.
That they had stated the cost sheet or the prosecution grievance has been filed beneath the Prevention of Cash Laundering Act (PMLA) earlier than a particular courtroom in Mumbai.
The central probe company had arrested Deepak Kochhar in September after it filed a legal case of cash laundering after finding out an FIR registered by the CBI towards the Kochhars, Dhoot and others.
It has slapped cash laundering fees towards the Kochhars and their enterprise entities for “unlawful sanctioning of loans amounting to Rs 1,875 crore to the Videocon Group of firms”.

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