ED raids Videocon office, Kochhar’s residence 

The Enforcement Directorate (ED) carried out raids at five places in Mumbai and Aurangabad on Friday in connection with a money laundering case against former ICICI Bank CEO Chanda Kochhar, her husband Deepak Kochhar and Videocon Group chairman Venugopal Dhoot.

The financial investigation agency searched premises including the office of Deepak Kochhar’s Nu-Power Renewables, which allegedly received investments from several overseas entities, and the couple’s South Mumbai residence, which was allegedly bought by Deepak Kochhar through a web of transactions with firms linked to Videocon Group, people aware of the matter told ED.

Senior official said that This was probably the first time a central agency raided Kochhars’ residence, seized documents, electronic articles and related materials, and interrogated the couple