Tribunal upholds ED appeal, says ‘prima facie’ case of money laundering against Chanda Kochhar
In the high-profile money laundering case involving former ICICI Bank CEO Chanda Kochhar, the Appellate Tribunal under the Prevention of Money Laundering Act (PMLA) has upheld the Enforcement Directorate’s (ED) appeal challenging an earlier order that had refused to confirm the provisional attachment of Kochhar’s assets. The Tribunal dismissed technical objections raised by Kochhar and…