As the Enforcement Directorate on Monday arrested Deepak Kochhar, husband of former ICICI Bank CEO Chanda Kochhar, in connection with the ICICI Bank loan case, the probe by the ED has shown serious money laundering and wrongdoing by the NuPower CEO.'

On Monday, Deepak Kochhar was arrested by the Mumbai branch of the financial probe agency. During the investigation it was revealed that loans were refinanced and new loans aggregating to Rs 1,730 crore sanctioned to Videocon Industries Ltd (VIL) and its group companies and these loans became non-performing assets (NPA) for ICICI Bank on June 30, 2017.