Chanda Kochchar, Deepak Kochchar, Dhoot in trouble as CBI registers case
CBI has registered a case against Chanda Kochhar, the then MD, CEO of ICICI Bank, Deepak Kochhar, V N Dhoot, MD of Videocon group and others. It is alleged that accused sanctioned certain loans to private companies
New Delhi, News24 Bureau, Jan 24: CBI registered a case against Chanda Kochhar, the then MD & CEO of ICICI Bank,Deepak Kochhar,V N Dhoot, MD of Videocon group and others. It is alleged that accused sanctioned certain loans to private companies in a criminal conspiracy with other accused to cheat ICICI Bank
The Central Bureau of Investigation has registered an FIR in connection with alleged irregularities in the Rs 3,250 crore ICICI Bank-Videocon loan case and was carrying out searches on Thursday at the group headquarters in Mumbai and offices in Aurangabad, officials said.The search operation started Thursday morning and also covered offices of Nupower, a company operated by ICICI Bank's former CEO Chanda Kochhar's husband Deepak Kochhar and Supreme Power, they said.It is alleged that Videocon promoter Venugopal Dhoot allegedly invested crores of rupees in Nupower months after the Videocon group got Rs 3,250 crore as loan from the ICICI Bank in 2012, they said. The agency had registered a preliminary enquiry against Videocon promoter Venugopal Dhoot, Deepak Kochhar and unidentified others in March last year, they said.A PE is a precursor before the agency lodges an FIR to probe criminal charges on the basis of evidence collected during the former exercise. The agency has now converted it into an FIR which means a full-blown investigation has been started by the agency after registration of a case. The details of the FIR and names of the accused are awaited, they said.