ICICI-Videocon Loan Case: Chanda Kochhar, Husband Appear Before ED for Third Consecutive Day

The case is related to the alleged irregularities and corrupt practices in the sanction of a Rs 1,875-crore loan disbursed by ICICI Bank to the Videocon Group during 2009 and 2011. In March, the ED had conducted searches at the residence and office premises of the Kochhars and questioned them along with Dhoot. Of the Rs 40,000 crore loan to the Videocon group, Rs 3,250 crore was given by ICICI Bank. A large portion of the loan by ICICI was unpaid at the end of 2017. The bank proceeded to declare the Rs 2,810 crore of unpaid loan as non-performing asset (NPA).

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