CBI has taken big action in the loan case to Videocon. The probe agency arrested former MD and CEO of ICICI Bank Chanda Kochhar and her husband Deepak Kochhar on Friday evening. It is alleged that when Chanda Kochhar was heading ICICI Bank, she gave a loan to Videocon Group. In return, Chanda’s husband Deepak Kochhar’s company Nu Renewable got investment from Videocon.
According to the information, in 2012, Videocon Group was given a loan by ICICI Bank. Which later became NPA and later it was called “Bank Fraud”. In September 2020, the Enforcement Directorate arrested Deepak Kochhar. In fact, in 2012, Chanda Kochhar-led ICICI Bank gave a loan of 3,250 crores to the Videocon Group and six months later, Venugopal Dhoot-owned M/s Supreme Energy gave a loan of 64 crores to M/s NuPower Renewables, in which Deepak Kochhar has a 50% stake. Is. Of
Explain that Arvind Gupta, a shareholder of ICICI Bank and Videocon, wrote a letter to the Prime Minister, the Reserve Bank and SEBI, accusing Videocon Chairman Venugopal Dhoot and ICICI CEO and MD Chanda Kochhar of favoring each other. It claims that Dhoot’s company Videocon was given a loan of Rs 3250 crore from ICICI Bank and in return Dhoot invested his money in Nupower, an alternative energy company run by Chanda Kochhar’s husband Deepak Kochhar.