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ICICI Bank-Videocon case: All you need to know about Deepak Kochhar

Deepak Kochhar is the husband of former ICICI Bank chief executive Chanda Kochhar, and the founder-CEO of NuPower Renewables.

September 08, 2020 / 08:00 PM IST

Deepak Kochhar was on September 7 arrested by the Enforcement Directorate on charges of money-laundering in the ICICI Bank-Videocon case. Kochhar will be in ED custody till September 19.

The ED initiated an investigation against Kochhar under the the Prevention of Money Laundering Act (PMLA), on the basis of an FIR registered by the Central Bureau of Investigation (CBI).

Deepak Kochhar is the husband of former ICICI Bank chief executive Chanda Kochhar, and the founder-CEO of NuPower Renewables.

The ED had in January 2020 registered a money laundering case against Chanda and Deepak Kochhar, Videocon CMD Venugopal Dhoot and others over alleged irregularities and corrupt practices in sanctioning of loans worth Rs 1,875 crore by ICICI Bank.