New Delhi [India], Mar 31 (ANI): The Central Bureau of Investigation (CBI) has registered a preliminary enquiry (PE) against ICICI Bank CEO Chanda Kochhar's husband Deepak Kochhar in connection with Videocon loan row, sources said on Saturday.
Chanda Kochhar, her husband Deepak Kochhar, and Venugopal Dhoot, the promoter of Videocon Group are caught up in a controversy over ICICI allegedly granting loan worth Rs 3,250 crore to Videocon, of which the unpaid Rs 2,810 crore were declared NPA in 2017.
In 2009, Dhoot resigned as NRPL director and transferred around 25,000 shares of his to Deepak Kochhar, and a year later his company Supreme Energy Private Limited allegedly gave loan of Rs 64 crore to Deepak Kochhar's NRPL.
Punglia in turn transferred his entire stake in Supreme Energy to Deepak Kochhar's Pinnacle Energy for only Rs 9 lakh, just six months after the Videocon Group got a loan of Rs 3,250 crore from ICICI Bank.
This has raised a question of conflict of interest, on part of Chanda Kochhar.
Soon after the reports came, the RBI imposed monetary penalty worth Rs. 58.9 crore on ICICI, for failing to abide by rules on the sale of bonds in the held-to-maturity (HTM) category. (ANI)