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Deepak Kochhar in ED custody till October 17

Mumbai: A special court here on Tuesday remandedDeepak Kochhar, husband of former ICICI Bank CEO Chanda Kochhar, in the custody of the Enforcement Directorate (ED) till October 17.

Deepak Kochhar was arrested bythe ED in September under the Prevention of Money Laundering Act (PMLA) in the ICICI Bank-Videocon money laundering case.

He was remanded in the ED custody till September 19 after his arrest, but it was suspended after he tested positive for coronavirus and he was sent in judicial custody. He then underwent treatment at a hospital. The probe agency produced him before the special PMLA court here again after he recovered from the infection and sought his remand.

The ED case followed an FIR registered by the CBI against Chanda Kochhar and Deepak Kochhar, Videocon Group promoter Venugopal Dhoot and others.

The ED invoked the PMLA for "illegal sanctioning of loans" amounting to Rs 300 crore to the Videocon Group of

companies.

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