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ED to SC: no coercive action against former ICICI CEO Chanda Kochhar

Nov 20, 2020 18:03 IST

No coercive action will be taken against former ICICI Bank CEO Chanda Kochhar, who is facing charges for alleged money laundering, the Enforcement Directorate told the Supreme Court on Friday. A bench headed by Justice S K Kaul was informed by Solicitor General Tushar Mehta that the agency would not take any coercive step in pursuance of the ECIR registered in ICICI Bank-Videocon Group loan case. The bench said it would also hear the two other petitions filed by Chanda Kochhar challenging the arrest of her husband Deepak Kochhar in connection to the same case. Kochhar had filed a petition to free her arrested husband Deepak Kochhar on bail.

National