Videocon loan fraud case accused sent to 14-day judicial custody

In connection with the ICICI Bank-Videocon loan fraud case the three accused Managing Director and CEO of ICICI Bank, Chanda Kochhar, her husband Deepak Kochhar and Videocon chairman Venugopal Dhoot has been sent to 14-day judicial custody.

Earlier on Monday, for three days CBI sought the custody of the Videocon chairman and also of Chanda Kochhar and her husband Deepak Kochhar.

Meanwhile, a few days back Bhoot was questioned by the CBI. Chanda Kochhar and Deepak Kochhar were arrested on 23 December by the CBI and till 26 December they are scheduled to remain in CBI custody.

Earlier in March 2018 CBI registered a preliminary inquiry (PE) against Deepak Kochhar and Dhoot to probe a Rs 40,000 crore loan.

Moreover, a case has been registered by the inquiry agency against Chanda her husband, and Venugopal Dhoot, along with their companies viz NuPower Renewables, Supreme Energy, Videocon International Electronics Ltd, and Videocon Industries Limited.

However, in 2012 the agency said that the loans were declared non-performing assets which caused a loss of Rs 1,730 crore to the bank.

Furthermore, on Friday in connection with the alleged ICICI Bank-Videocon, money laundering case former Managing Director (MD) and Chief Executive Officer (CEO) of the ICICI bank Chanda Kochhar and her husband Deepak Kochhar CBI gets three-day remand.

Latest news

Related news