The CBI on Saturday said that former ICICI Bank CEO Chanda Kochhar, an accused in the alleged ICICI bank-Videocon loan fraud case, got a flat in Mumbai, and financial gain through the fraud.<\/p>\n
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Earlier in the day, a special court in Mumbai sent Chanda Kochhar and her husband Deepak Kochhar to CBI custody till Monday in connection with the case.<\/p>\n
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While arguing on the matter, public prosecutor of CBI said that loss of Rs 1,730 crore was caused to ICICI bank by the accused.<\/p>\n
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“When Chanda Kochhar took charge of ICICI bank, six loans were sanctioned to various companies of Videocon. Two loans were sanctioned by committees where Chanda Kochhar was a member. She influenced other committees also to sanction the loans to Videocon group,” the CBI alleged in the court.<\/p>\n
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The prosecution said that in 2009, Videocon group gave a loan of Rs 64 crore loan to Nupower, which is Deepak Kochhar’s firm.<\/p>\n
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The CBI also alleged that a Mumbai-based flat, where Chanda Kochhar was residing, was transferred to the family trust of Deepak Kochhar.<\/p>\n
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“The value of this flat was Rs 5.25 crore in 1996 and in 2016, the flat was transferred in Rs just 11 lakh. All this is ill-gotten money,” the CBI has said.<\/p>\n
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As per a CBI official, an FIR was filed in January 2019 against Kochhar, her husband and Venugopal Dhoot of Videocon Group.<\/p>\n
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Nupower Renewables, Supreme Energy, Videocon International Electronics Ltd and Videocon Industries Limited were also made accused in the FIR.<\/p>\n
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Dhoot allegedly invested crores of rupees in Nupower, months after the Videocon Group got Rs 3,250 crore as loan from ICICI Bank in 2012.<\/p>\n","protected":false},"excerpt":{"rendered":"
The CBI on Saturday said that former ICICI Bank CEO Chanda Kochhar, an accused in the alleged ICICI bank-Videocon loan fraud case, got a flat in Mumbai, and financial gain through the fraud. Earlier in the day, a special court in Mumbai sent Chanda Kochhar and her husband Deepak Kochhar to CBI custody till Monday […]<\/p>\n","protected":false},"author":1,"featured_media":22254,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5,79],"tags":[],"class_list":["post-22253","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-main-stories","category-nation"],"_links":{"self":[{"href":"https:\/\/demo.testctsl.in\/indiafirstepaper\/wp-json\/wp\/v2\/posts\/22253","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/demo.testctsl.in\/indiafirstepaper\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/demo.testctsl.in\/indiafirstepaper\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/demo.testctsl.in\/indiafirstepaper\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/demo.testctsl.in\/indiafirstepaper\/wp-json\/wp\/v2\/comments?post=22253"}],"version-history":[{"count":1,"href":"https:\/\/demo.testctsl.in\/indiafirstepaper\/wp-json\/wp\/v2\/posts\/22253\/revisions"}],"predecessor-version":[{"id":22255,"href":"https:\/\/demo.testctsl.in\/indiafirstepaper\/wp-json\/wp\/v2\/posts\/22253\/revisions\/22255"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/demo.testctsl.in\/indiafirstepaper\/wp-json\/wp\/v2\/media\/22254"}],"wp:attachment":[{"href":"https:\/\/demo.testctsl.in\/indiafirstepaper\/wp-json\/wp\/v2\/media?parent=22253"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/demo.testctsl.in\/indiafirstepaper\/wp-json\/wp\/v2\/categories?post=22253"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/demo.testctsl.in\/indiafirstepaper\/wp-json\/wp\/v2\/tags?post=22253"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}