PMLA Appellate Tribunal confirms ED attachment of Chanda Kochhar’s assets in Videocon loan case

The PMLA Appellate Tribunal has confirmed the Enforcement Directorate's (ED) attachment of "Chanda Kochhar's assets in the Videocon loan case." The tribunal found a "prima facie case" against the former ICICI Bank CEO, upholding the provisional attachment order for properties, except for a sum of ₹10.5 lakhs that the Adjudicating Authority had not confirmed. This decision reinforces the ED's actions under the Prevention of Money Laundering Act (PMLA) in cases of alleged financial misconduct and illicit gains.