The Income Tax Department has reportedly asked Enforcement Directorate to share details of its investigation against former ICICI Bank managing director Chanda Kochhar and her husband Deepak Kochhar. The development comes less than a week after the financial probe agency attached assets worth Rs 78 crore belonging to the Kochhars.
On January 10, the ED had attached assets and shares belonging to Chanda Kochhar, Deepak Kochhar and companies controlled by him. As per book value, the total worth of the attached assets is estimated to be above Rs 78 crore. The attached assets include a flat in South Mumbai, land, cash and machinery. The ED suspects these assets to be proceeds of crime in the ICICI Bank-Videocon loan scam.
"The evidence gathered didn't indicate that it was a transaction fit under the Benami Act; the graft bit could be probed further by the CBI. However, now with the ED probe treating the house as proceed of crime, this could be revisited," the report quoted the official as saying.
The allegations point out that companies controlled by Deepak Kochhar received kickbacks from Videocon in lieu of loans from ICICI Bank.