Sunday, May 17, 2026

Setback for former ICICI CEO Chanda Kochhar; ED attaches Rs 78-crore assets

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New Delhi, January 10: Assets worth Rs 78 crore have been attached by the ED in connection with a money-laundering probe against former ICICI Bank CEO Chanda Kochhar and others, officials said on Friday.

A provisional order under the Prevention of Money Laundering Act (PMLA) has been issued for attachment of the properties that includes Kochhar’s Mumbai-based house and some other assets belonging to a company linked to her, they said.

The book value of the attached assets is Rs 78 crore, they said.

The Enforcement Directorate (ED) is probing Kochhar, her husband Deepak Kochhar and others in a case of alleged irregularities and money-laundering in giving loans by the bank to the Videocon group.

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iGlobal Punjab
iGlobalPunjab.com is a Canada-based digital news and media platform connecting Punjabi communities worldwide. With a focus on credible journalism, community stories, and global Punjabi perspectives, the platform covers news, culture, politics, and diaspora affairs in Punjabi and English. iGlobalPunjab aims to inform, engage, and empower readers through balanced reporting and thoughtful analysis, giving voice to the issues that matter most to Punjabis at home and abroad. From local initiatives to international developments, iGlobalPunjab.com stands as a bridge between tradition and modernity — celebrating Punjabi identity in a global context.

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