ED Plans Custody Of Deepak Kochhar – Vijay Aggarwal Advocate Defended

The Enforcement Directorate while looking for the custody of Deepak Kochhar who is the spouse of Ex Managing Director and the chief operating officer Chanda Kochhar under the steady gaze of a Mumbai court, asserted that an "intricate trap of substances" was made to hold the measure of Rs 64 crore, gotten as claimed "unlawful delight" from Videocon Group for authorization of a Rs 300 crore advance by ICICI Bank in 2009.

The Enforcement Directorate arrested Deepak Kochchar by stating in its remand application that he had stayed "shifty and non-agreeable". Anil Singh, Additional Solicitor General with special public investigator Sunil Gonsalves, presented that thus his custodial cross examination was important to "translate the cash trail, discovering further continues of wrongdoing" and deciding the parts of other denounced. Deepak Kochhar's guard group, involving Vijay Aggarwal Advocate, Ashul Agarwal and Rahul Agarwal, contradicted the supplication expressing that he had joined the ED in its test almost multiple times and had just presented every applicable archive.

As per the FIR documented by the Central Bureau of Investigation (CBI) in January 2019 against Chanda, Deepak, Videocon Group MD Venugopal Dhoot and others, from June 2009 to October 2011, ICICI Bank authorized six "high-esteem" credits to different Videocon Group organizations. These advances have turned non-performing resources bringing about unfair misfortune to the ICICI Bank and improper increase to borrowers and blamed people, the CBI had asserted.