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Chanda Kochhar, husband Deepak booked in Rs 3250 cr loan case
National

Chanda Kochhar, husband Deepak booked in Rs 3250 cr loan case

Agency News

Mumbai, Jan 24: The Central Bureau of Investigation (CBI) on Thursday registered an FIR against Chanda Kochhar, former CEO and MD of ICICI Bank, along with her husband Deepak Kochhar and Videocon boss Venugopal Dhoot, in connection with alleged irregularities in the Rs 3,250 crore ICICI Bank-Videocon loan case.

The CBI team conducted raids at Videocon's offices in Aurangabad and at Nupower Renewables and Supreme Energy Pvt Ltd's office at Nariman Point in Mumbai.

The probe was based on the allegations that Dhoot provided crores of rupees to a firm promoted by Deepak Kochhar, six months after Dhoot's group got Rs 3,250 crore as loan from ICICI Bank, where Chanda Kochhar was the boss at that time.

The said amount was part of a loan of Rs 40,000 crore, which Videocon received from a consortium of 20 banks, led by the State Bank of India.

The case was registered under Section 120-B r/w 420 of the Indian Penal Code and Sections 7, 13 (2) r/w 13 (1) (d) of the Prevention of Corruption Act, 1988. (UNI)