What are ex-ICICI CEO’s costliest belongings

New Delhi: Former ICICI Bank chief Chanda Kochhar and her husband Deepak Kochhar arrive to appear before the Enforcement Directorate (ED) in connection with the Rs 1,875-crore Videocon loan case in New Delhi on May 13, 2019. (Photo: IANS)

Chanda Kochhar and her husband Deepak Kochhar.

Picture : IANSHINDI

New Delhi: Chanda Kochhar, former managing director and CEO of ICICI financial institution, and her husband Deepak Kochhar was arrested by the Central Bureau of Investigation (CBI) on Friday in an alleged mortgage fraud case involving Videocon. The fees embody irregularities in loans and dishonest within the Videocon case, which dates again to 2012.

In accordance with CBI fees within the case, crores of funding was allegedly made by former Videocon chairman Venugopal Dhoot in NuPower Renewables, an organization based by Chanda Kochhar’s husband Deepak simply months after an enormous ICICI financial institution mortgage was permitted to him.

To speak in numbers, Videocon promoter Venugopal Dhoot allegedly invested crores of rupees in Nupower months after the Videocon Group acquired Rs 3,250 crore as a mortgage from ICICI Financial institution in 2012, the CBI stated.

Chanda Kochhar was a core member er of the committee that permitted and sanctioned the mortgage in query to Videocon and the financial institution chief allegedly abused her official place and “acquired unlawful gratification/undue profit by her husband from Dhoot for sanctioning ₹ 300 crores to Videocon.”. The 2019 FIR by the CBI states that the alleged conspiracy was to cheat the ICICI Financial institution.

As Chanda Kochhar and her husband get arrested by CBI, right here’s a take a look at a few of the former ICICI-CEO’s costliest purchases.

Chanda Kochhar’s luxurious mansion

Chanda Kochhar, who held some vital portfolios like Managing Director, CEO and CFO in ICICI financial institution, purchased an costly and opulent dwelling in 2011 in Mumbai. The estimated worth of this home is believed to be round Rs.1.1 crores.

Other than this costly villa, Kocchar additionally owns a number of real-estate properties in and throughout Mumbai.

Chanda Kochhar’s monetary investments

Chanda Kochhar’s monetary investments additionally made headlines ever since her identify was introduced up within the ICICI mortgage fraud case and a few had been even investigated as a part of the CBI probe.

Kochhar has invested closely in numerous sectors comparable to banks and likewise heads many departments. Right here’s a breakup of her earnings – Estimated web value – Rs 24 crore, annual earnings – Rs 5.5 crore, private investments – Rs 13.8 crore, luxurious automobiles – Rs 1.10 crore.

Chanda Kochhar’s fancy automobiles

Chanda Kochhar owns a few of the finest luxurious automobiles on this planet, together with a Mercedes Benz and a Ford.

Chanda Kochhar: Internet value

An individual’s web value is present belongings minus present liabilities prior to now few years, Chanda Kochhar’s web value has witnessed a 32% bounce.

In 2020, the Enforcement Directorate hooked up properties value over Rs 78 crore of former ICICI Financial institution CEO Chanda Kochhar and her husband Deepak Kochhar, accusing the banker of cash laundering in a case pertaining to “unlawful sanctioning of loans” of Rs 1,875 crore to Videocon Group of firms.

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