Swipe through the latest business and wealth clues with our android app

What CBI has said in its FIR against Chanda Kochhar, former ICICI Bank head

The CBI probe in the Videocon loan case has alleged cheating and abuse of official position by former ICICI Bank CEO and MD Chanda Kochhar.  Kochhar approved six loans to Venugopal N Dhoot's Videocon group between June 2009 and October 2011 including a rupee term loan worth Rs 300 crore sanctioned on August 26, 2009, to Videocon International Electronics Ltd (VIEL). The amount was disbursed into the account of VIEL on September 7, 2009. Interestingly, an amount of Rs 64 crore was transferred by Venugopal Dhoot from Videocon Industries to NuPower Renewables (NRL), firm managed by Chanda's husband Deepak Kochhar.

Read More at The Economic Times News date : 25 Jan 2019, Friday

©2019 TheNewsClues