CBI books Chanda Kochhar, hubby in Rs 1,875 cr loan case

After registering an FIR on Wednesday night, CBI teams swooped down on four locations - offices of Videocon in Mumbai and Aurangabad, Nupower Renewables and Supreme Energy in Nariman point in Mumbai. The searches at the locations are underway, the officials said. 

Managing Director of Videocon group, Venugopal Dhoot, his companies Videocon International Electronics Ltd (VIEL) and Videocon Industries Limited (VIL), a company, Supreme Energy, founded by him and a company controlled by Deepak Kochhar, Nupower Renewables have also been made accused in the CBI FIR, they said. 

It is alleged that Dhoot had invested in Deepak Kochhar’s company Nupower through his firm Supreme Energy a quid pro quo to loans cleared by the ICICI Bank after Chanda Kochhar took over as the CEO of the bank on May 1, 2009. 

The CBI probe began nearly 13 months ago in the form of a preliminary enquiry, which it registered on a complaint that Dhoot had allegedly paid Rs 64 crore to Deepak Kochhar in the form of investment in his company Nupower in return for loans worth Rs 3,250 crore cleared by Chanda Kochhar.