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CBI raids Videocon headquarters in Mumbai in case related to ex-ICICI CEO Chanda Kochhar's husband

Central Bureau of Investigation (CBI) on Thursday, registered an FIR in Chanda Kochhar- Deepak Kochhar case

DNA Web Team

Updated : Jan 24, 2019, 11:47 AM IST

Deepak and Chanda Kochhar

The Central Bureau of Investigation (CBI) on Thursday, registered a First Information Report (FIR) against Venugopal Dhoot-led Videocon Group and NuPower Renewables. Both these companies were founded by ex-ICICI CEO, Chanda Kochhar's husband, Deepak Kochhar.

The CBI has also carried raids at four locations in Mumbai, Maharashtra, in the loan case, including Mumbai offices of Videocon and NuPower.

The FIR and raids are in connection with the ICICI-Videocon loan case, an alleged case of quid-pro-quo.

If a shareholder is to be believed, Deepak Kochhar's wife Chanda got ICICI Bank to grant a loan of Rs 3,250 crore to Venugopal Dhoot's Videocon Group.

Chanda Kochhar was the MD and CEO of the ICICI Bank when this loan was granted.

The shareholder alleged that in return for the loan, Venugopal invested Rs 64 crore in Deepak's NuPower Renewables.

In October last year, Chanda Kochhar stepped down as the chief executive officer and managing director of the ICICI Bank due to the allegations against her.

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