CBI raids Videocon offices in Mumbai & Aurangabad in loan case, lodges FIR
Mumbai, Jan 24 (IBNS): The CBI on Thursday conducted raids at the Videocon offices in Mumbai and Aurangabad.
The investigating agency has also filed an FIR against former ICICI bank chief Chanda Kochhar's husband Deepak Kochhar and Videocon head Venugopal Dhoot in a loan irregularity case, media reports said.
According to The Indian Express, Dhoot had provided Rs 64 crore to a firm called NuPower Renewables Pvt Ltd that he had set up with Deepak Kochhar and two relatives six months after the Videocon group got Rs 3,250 crore as loan from ICICI Bank in 2012. Rs 2,810 crore of the loan remains unpaid.
ICICI has been embroiled in a controversy over allegations that its former MD, Kochhar, had favoured Videocon in the bank’s lending practices. After initially backing Kochhar, the bank had announced to conduct a "comprehensive enquiry" to investigate the charges. Eventually, a multi-agency probe was started.
Chanda Kochhar had resigned as MD of the bank on October 4, 2018.
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