The Central Bureau of Investigation (CBI), probing the allegation of alleged ‘quid-pro-quo’ in the loan granted to Videocon by ICICI Bank whose former CEO and MD was Chanda Kochhar, registered an FIR in the case.
In a follow up to the FIR, searches are being carried out at four places including Videocon offices in Mumbai and Aurangabad and Nupower Renewables and Supreme Energy Pvt Ltd’s office at Nariman point in Mumbai.
The preliminary enquiry ( PE) was to ascertain the veracity of accusations against Videocon chairman Venugopal Dhoot and Deepak Kochhar that Dhoot provided crores of rupees to a firm promoted by Deepak Kochhar six months after Dhoot’s group got Rs 3,250 crores as loan from ICICI Bank. Read More
Latest posts by ET Energy World (see all)
- Oil prices little changed despite Saudi export cuts, US stocks draw - April 19, 2019
- Here is a scenario in which oil price may fall towards $40 mark - April 19, 2019
- Competition Comm gives nod to Schneider-L&T deal - April 19, 2019