CBI files FIR in ICICI Bank-Videocon loan case, raids underway


Team Udayavani, Jan 24, 2019, 6:29 AM IST

New Delhi: The CBI has registered an FIR in connection with alleged irregularities in the Rs 3,250 crore ICICI Bank-Videocon loan case and is carrying out searches Thursday at the group headquarters in Mumbai and offices in Aurangabad, officials said.

The search operation started Thursday morning and also covered offices of Nupower, a company operated by ICICI Bank’s former CEO Chanda Kochhar’s husband Deepak Kochhar and Supreme Power, they said.

It is alleged that Videocon promoter 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, they said.

The agency had registered a preliminary enquiry against Videocon promoter Venugopal Dhoot, Deepak Kochhar and unidentified others in March last year, they said. A PE is a precursor before the agency lodges an FIR to probe criminal charges on the basis of evidence collected during the former exercise.

The agency has now converted it into an FIR which means a full blown investigation has been started by the agency after registration of a case.  The details of the FIR and names of the accused are awaited, they said.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

India crawl to 51 for 4 after losing top-order

Nursing student suicide: Three students arrested in Kerala

Nadda’s letter to Kharge full of falsehoods: Cong

10 month baby gets new heart, new life

Actress Kasthuri released from jail, says ‘I thank those who made me raging storm’

Kidnapped for ransom in 1998, 26/11 survivor Gautam Adani faces biggest trial

100 engineering colleges in Karnataka to be ‘adopted’ by corporates by next year: IT Minister Kharge

Related Articles More

Kidnapped for ransom in 1998, 26/11 survivor Gautam Adani faces biggest trial

Gautam Adani charged in US with USD 250 mn bribery, fraud

India’s GDP growth likely to slip at 6.5 pc, maintains 7 pc estimate for FY25: Icra

RBI cautions public about ‘deepfake’ video of governor being circulated on social media

We disagree with decision, plan to appeal: Meta on CCI imposing Rs 213-cr penalty

MUST WATCH

Christmas Cake Fruit Mixing

DK Shivakumar

Rose Cultivation

Geethotsava

Naxal Operation


Latest Additions

Puttur: Private bus crashes into house to avoid collision with school bus

India crawl to 51 for 4 after losing top-order

Mangaluru: POCSO case – Convict sentenced to 20 years in prison

Nursing student suicide: Three students arrested in Kerala

Sampaje: Financial fraud using Google Pay reported

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.