ED assures Supreme Court of no coercive action against former ICICI Bank CEO Chanda Kochhar in PMLA case
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A Bench headed by Justice S.K. Kaul was knowledgeable by Solicitor General Tushar Mehta that the company wouldn’t take any coercive step in pursuance of the ECIR registered in ICICI Bank-Videocon Group mortgage case
The Enforcement Directorate (ED) on Friday assured the Supreme Court that it could not take any coercive action against former ICICI Bank CEO and MD Chanda Kochhar in a cash laundering case.
A Bench headed by Justice S.K. Kaul was knowledgeable by Solicitor General Tushar Mehta that the company wouldn’t take any coercive step in pursuance of the ECIR registered in ICICI Bank-Videocon Group mortgage case.
The Bench, additionally comprising Justices Dinesh Maheshwari and Hrishikesh Roy, stated it could hear later the 2 different petitions filed by Chanda Kochhar difficult the arrest of her husband Deepak Kochhar in the case.
The ED has just lately filed a cost sheet against Ms. Kochhar, Deepak Kochhar and Videocon Group promoter Venugopal Dhoot on cash laundering fees.
The Kochhars, Mr. Dhoot and others have denied the allegations, official sources had stated earlier.
They had stated the cost sheet or the prosecution grievance has been filed beneath the Prevention of Money Laundering Act (PMLA) earlier than a particular court docket in Mumbai.
The central probe company had arrested Deepak Kochhar in September after it filed a prison case of cash laundering after finding out an FIR registered by the CBI against the Kochhars, Dhoot and others.
It has slapped cash laundering fees against the Kochhars and their enterprise entities for “illegal sanctioning of loans amounting to ₹1,875 crore to the Videocon Group of companies”.
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