While it was not immediately known as to what was the ED's line of questioning, sources said that the two were required to assist the investigating officer (IO) of the case in taking the probe forward.
The Enforcement Directorate (ED) is conducting searches at the residences and offices of Chanda Kochhar, Deepak Kochhar and Venugopal Dhoot, Chairman, Videocon Industries in relation to the ICICI Bank-Videocon loan case.
In response to the finding in the Srikrishna report, the ICICI Bank’s board said it will treat Chanda Kochhar's separation as 'termination for cause'.
The committee report concluded that there was a lack of diligence with respect to annual disclosures as required by the bank in terms of its internal policies.
The CBI is carrying out scrutiny of the documents seized during searches at the offices of Videocon Group and Nupower Renewables and Supreme Energy, run by Chanda Kochhar's husband Deepak Kochhar, they said.
They said the fresh notice to Deepak Kochhar had been issued in his individual capacity and it sought details of his personal finances and transactions.
With much at stake for ICICI Group as an institution, the board may have to make more amends to restore faith of investors and depositors in the bank and towards its CEO.
An authorised representative of Kochhar, they said, submitted official documents and statements to the department two days ago, in reply to a notice first issued to him early this month.
Chanda Kochhar’s brother-in-law is also being questioned for the third consecutive day by CBI officials is connection with a restructuring loan of Rs 3,250 crore extended by ICICI Bank to Videocon Group in 2012.
They said the notice has been issued to Deepak Kochhar under section 131 (power regarding discovery, production of evidence) of the I-T Act and he has been asked to furnish details of his personal finances, Income Tax Returns (ITRs) for the last few years and business transactions with the firm NuPower Renewables.
The department has asked NuPower Renewables to see whether the company has created an interest free fund and whether it availed any consideration for quid pro quo
Chanda Kochhar is known to be quite an “assertive” boss but some of those who know her say she is a professional person and one who knows when to say “no”.
These reports have led to allegations of possible conflict of interest and quid pro quo against Chanda Kochhar.