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CBI raids offices of Videocon Industries in loan case related to Deepak Kochhar

The CBI has conducted raids across some of the offices of Videocon Industries, including the Nariman Point headquarters of the group, sources said. The raids have been conducted in connection to a case involving transactions between the Videocon Group and Deepak Kochhar, husband of former ICICI Bank CEO Chanda Kochhar. CBI is also conducting raids at offices of NuPower Renewables and Supreme Energy in Mumbai. In December 2008, Deepak Kochhar and Venugopal Dhoot had set up NuPower Renewables as a joint venture. Chanda Kochhar had resigned following allegations of quid pro quo in loan approvals to Videocon group in 2012.

Read More at Bloomberg Quint News date : 24 Jan 2019, Thursday

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