CBI has booked a case against former ICICI Bank CEO & MD Chanda Kochhar, Deepak Kochhar and Videocon group MD Venugopal Dhoot in connection with alleged cheating and irregularities in loans sanctioned by the bank to the group in 2012.
The CBI carried out a probe at multiple locations, including the offices of Videocon group in Mumbai and Aurangabad, offices of Nupower Renewables Pvt Limited which is operated by Deepak Kochhar, and Supreme Energy after registering a case.
The search operation found that the accused sanctioned certain loans to private companies in a criminal conspiracy with others to cheat ICICI bank.
The CBI spokesperson shared in media that Videocon' 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.
The FIR comes after ten months after the CBI registered a preliminary inquiry against Videocon promoter Venugopal Dhoot, Deepak Kochhar and unidentified others in March last year.