CBI raids Chanda Kochhar, Deepak

Former ICICI MD Chanda Kochar booked by CBI.

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CBI registers case against Chanda Kochhar, Deepak Kochhar and VN Dhoot, MD of Videocon group and others.
Banking corruption scandal. CBI started raids ex-ICICI Bank head Chanda Kochhar – Husband – Videocon money siphoning case.

CBI has filed a case against former ICICI Bank chief Chanda Kochhar, her husband Deepak Kochhar, Videocon head Venugopal Dhoot and others in a case linked to alleged irregularities in loan. The investigating agency searched the Videocon headquarters in Mumbai and Aurangabad in Maharashtra on Thursday.

Chanda Kochhar quit as CEO and Managing Director of ICICI Bank in October over the case, which involves a loan of Rs. 3,250 crore to the Videocon Group in 2012. The case exploded last year when a whistleblower alleged that Ms Kochhar’s husband Deepak Kochhar and her family members benefited from the dealings.

Venugopal Dhoot allegedly invested crores of rupees in NuPower Renewables, a company founded by Ms Kochhar’s husband, months after the Videocon group was granted loan by the bank.

Reports NDTV

 

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