ICICIBank-Videocon Loan Case: CBI Quizzes Nupower CFO

ICICIBank-Videocon Loan Case: CBI Quizzes Nupower CFO

The Central Bureau of Investigation (CBI) on Wednesday questioned Sunil Bhuta, chief financial officer of NuPower, as part of a preliminary enquiry against the company controlled by the husband of ICICI Bank managing director and chief executive Chanda Kochhar and Videocon group chairman Venugopal Dhoot.

The investigative agency stated that Bhuta was being questioned in Delhi.

The move comes two weeks after CBI questioned Chanda Kochhar’s brother-in-law Rajiv Kochhar, founder of financial services firm Avista Advisory Group.

A preliminary enquiry registered by the CBI early in March against her husband Deepak Kochhar, and Dhoot sought to verify an alleged conflict of interest in a Rs3,250 crore loan made by ICICI Bank to Videocon group. Read More

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