On Friday the residence and offices of ex ICICI Bank MD & CEO Chanda Kochhar and others connected with a money laundering probe were raided by the Enforcement Directorate. The ED is reported to have seized documents, related materials and electronic items and to have interrogated the Kochhars and others connected with the investigation. In spite of the charges being serious and the CBI registering a preliminary enquiry in April 2018, these raids are being conducted nearly a year after the fact. This is enough time for a powerful person like Chanda Kochhar to tamper and destory evidences related to the investigation and manipulate witnesses. A raid needs to have an element of surprise and now does not have any value and hence our prediction is that with such a weak and managed investigation, she will not be held guilty of any crimes.
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