Sunday, April 1, 2018

Videocon loan case: ICICI Bank officials quizzed 

TIMES OF INDIA 01.04.2018

New Delhi: CBI has examined a few ICICI Bank officials in its probe related to the alleged nexus between ICICI Bank MD and CEO Chanda Kochhar’s husband Deepak Kochhar and Videocon Group chairman Venugopal Dhoot.

The agency may soon take a call on whether to call Deepak Kochhar for questioning along with Dhoot and Chanda Kochhar as there are allegations of “conflict of interest” on the latter’s part. Sources said ICICI Bank officials were examined to know more about the details of loan – ₹3,250 crore — given by India’s largest private sector bank to Videocon as part of a consortium and whether they were aware about any quid pro quo. The ICICI Bank officers examined by CBI are nodal officers, whose names officials refused to divulge.

As reported by STOI, CBI lodged a preliminary enquiry (PE), a first step to investigate any matter of alleged irregularity, last month against Dhoot and Deepak Kochhar apart from unknown bank officials.

Officials said they have already examined several documents and private companies connected to the loan have also been asked to provide certain documents.

CBI is investigating if Dhoot provided crores of rupees to a firm promoted by Deepak Kochhar and two relatives six months after Videocon group got ₹3,250 crore as loan from ICICI Bank in 2012. TNN

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