January    2021

Chanda Kochhar's Home Seized By Enforcement Directorate

Mumbai: As part of its investigation into a money laundering case involving the bank and the Videocon Group, the Enforcement Directorate temporarily attached Rs 78 crore worth of properties belonging to former ICICI Bank CEO Chanda Kochhar. Her Mumbai apartment and those belonging to a company owned by her husband, Deepak Kochhar, are temporarily attached properties. Shortly after the order of the Enforcement Directorate, Ms Kochhar's lawyer, Sujay Kantawala, said that the agency now had 180 days to prove that the purchase of the flat was from "so-called proceeds of crime".

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