The Enforcement Directorate conducted searches at the premises of former ICICI Bank Managing Director Chanda Kochhar and of Videocon Group in Mumbai and Aurangabad respectively in connection with a money laundering case, an official said on Friday.

On February 22, the Central Bureau of Investigation (CBI) had issued lookout circulars (LOCs) against Kochhar, her husband Deepak Kochhar and Videocon Group's Managing Director Dhoot.

"The LOCs were issued after the FIR was filed in the case. LOCs are mandatory in cases where such economic offences are alleged," the official said, adding, "In recent times, keeping an eye on travel plans is a top concern for regulators."

The ED had registered a criminal case last month against Kochhar, her husband, Dhoot and others to probe alleged irregularities and corrupt practices in sanctioning of a Rs 3,250-crore loan by the bank to the corporate group.

The CBI had filed a complaint last month and an Enforcement Case Information Report later under the PMLA.

The agency is probing if alleged kickbacks were generated in the loan deal and laundered to create tainted assets.

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