India, Dec. 11 -- Former ICICI Bank MD and CEO Chanda Kochhar and her husband Deepak Kochhar have moved the Bombay High Court challenging the Enforcement Directorate's (ED) attachment of their properties in a money laundering case linked to the Videocon loan scam. ED has attached Rs 70 crore worth of properties of Chanda Kochhar and husband. They have approached the Court against the order of the Appellate Tribunal under the Smugglers and Foreign Exchange Manipulators (Forfeiture of Property) Act (SAFEMA), which upheld the ED's attachment.
The matter was listed on Wednesday before a Bench of Justices Bharati Dangre and Shyam C Chandak, which granted time to the ED to file its reply. The matter will be heard next on December 16. According...
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