This was after ED contested the adjudicating authority’s order that quashed its attachment of a Mumbai flat owned by the Kochhars and cash of Rs 10.5 lakh.
Without commenting on the merits of the allegations, the HC limited its decision to the legality of the arrest and if there was any contravention of statutory provisions.
The special PMLA court asked ED to file its reply on Chanda Kochhar's bail application, filed in connection with the ICICI Bank-Videocon money laundering case.
The SC bench was hearing Kochhar's appeal against the Bombay HC order which had dismissed her plea and said the matter falls within the realm of private bank and employee.
Solicitor General Tushar Mehta informed the apex court bench that ED won't take this action in pursuance of the ECIR registered in ICICI Bank-Videocon Group case.
Former ICICI MD & CEO Chanda Kochhar’s husband Deepak Kochhar was arrested Monday and is currently in ED custody in connection with a money laundering probe.
The couple are being probed in a case of alleged irregularities & money laundering after ICICI bank loans given to Videocon group while Chanda Kochhar was CEO came under ED scanner.
India’s foreign policy today is driven less by Western alignment or global liberalism and more by domestic political imperatives — economic, ideological, and electoral.
Electronics—specifically smartphones—& energy & pharma products make up 30% of Indian exports to US. 25% tariff on India came into effect Thursday, extra 25% to kick in by August-end.
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