ICICI bank-Videocon case: Chanda Kochhar, Dhoot to be questioned by ED today 

Former ICICI Bank managing director and CEO Chanda Kochhar has been called by the Enforcement Directorate, Mumbai for questioning in ICICI Bank-Videocon loan case, news agency ANI reported.

According to reports, Videocon's Venugopal Dhoot has also been called today for questioning. 

This comes a day after the ED, on Friday, carried out searches at the premises of Chanda Kochhar and Dhoot.

The raids were carried out in at least five office and residential premises in Mumbai and a few other locations, the officials stated.

The agency had registered a criminal case under the Prevention of Money Laundering Act (PMLA) earlier this month against Kochhar, her husband Deepak Kochhar, Dhoot and others to probe alleged irregularities and corrupt practices in sanctioning of Rs 1,875-crore loans by the ICICI bank to the corporate group.

The CBI had lodged a complaint in the matter last month naming Chanda Kochhar, Deepak Kochhar, and Dhoot and his companies -- Videocon International Electronics Ltd (VIEL) and Videocon Industries Limited (VIL).

It is alleged that Dhoot had invested in Deepak Kochhar's company Nupower through his firm Supreme Energy a quid pro quo to loans cleared by ICICI Bank after Chanda Kochhar took over as the CEO of the bank on May 1, 2009.

The CBI also alleged that the ownership of Nupower and Supreme Energy changed hands through a complex web of shared transactions between Deepak Kochhar and Dhoot. 

(With inputs from agencies)