ICICI Bank-Videocon Loan Case: CBI Questions Dhoot's Aide, Rajiv Kochhar. 10 Points
- CBI questioned Rajiv Kochhar, brother in law of ICICI Bank's CEO-cum-managing director Chanda Kochhar and Mahesh Chandra Pugalia, a close aide of Videocon Group chief Venugopal Dhoot. Rajiv Kochhar, brother of ICICI Bank's current CEO Chanda Kochhar's husband Deepak Kochhar was on Thursday stopped at Mumbai airport by immigration authorities when he was about to leave for Singapore.
- He was handed over to a CBI team that brought him to its Bandra office for questioning as part of its preliminary probe against his brother Deepak Kochhar and Videocon Chairman Venugopal Dhoot.
- The federal agency has already registered a preliminary Enquiry (PE) against Chanda Kochhar's husband Deepak Kochhar, Videocon officials, and others to determine any wrongdoing or otherwise in the sanction of loan to the Group by the ICICI Bank as part of the consortium of banks in 2012.
- Chanda Kochhar, who is facing questions of conflict of interest in the case, has not been named in the preliminary inquiry, which was registered after news reports raised questions about the Videocon Chairman giving loan of Rs 64 crore to a firm he had jointly promoted with Deepak Kochhar, six months after his group got the Rs 3,250 crore loan.
- Chanda Kochhar's husband Deepak Kochhar and Videocon Chief Venugopal Dhoot could also called for questioning after examining documents of the loan and statements.
- I-T department has asked Deepak Kochhar to provide details of his personal finances, Income Tax Returns (ITRs) for the last few years and business transactions with NuPower Renewables, apart from other financial details of the company.
- The department has also sent a detailed questionnaire, seeking details of the firm's operations, to be answered by him.
- The tax department has launched a probe into the finances of NuPower Renewables and those associated with it, officials said.
- A few more notices have been sent to the people associated with NuPower Renewables and based on their replies, further action will be taken, they said.
- Venugopal Dhoot, Deepak Kochhar and ICICI Bank have denied all allegations against them. Videocon Group's Venugopal Dhoot even said that he didn't even know if Chanda Kochhar was associated with ICICI Bank when the bank had given loan to his firm.
-
AI Bias In Investing Cannot Be Eliminated, But It Can Be Governed
Framing is a particularly important example as identical financial information presented in terms of gains rather than losses can lead an LLM to reach a different assessment.
-
Joining The Dots | Dark Skies, Steady Diya: Why Hope Holds This Diwali
With war, a weak rupee and foreign outflows weighing on sentiment, policymakers at the NDTV World Summit and market veterans at NDTV Profit Ignite: Diwali Edition offered the same advice: stay invested and filter out the noise.
-
The Curious Case of Equitas Small Finance Bank And A CEO Who Quit For Stock
PN Vasudevan believes persistent investor concerns over a perceived conflict of interest had become a governance overhang on Equitas Small Finance Bank's stock, even as the lender improved profitability and asset quality.
-
Talking Points This Week: AI Cash Burn, A Tiger Comeback And An India That Still Finds Its Own Path
India is not immune to higher oil or tighter global liquidity, yet its earnings base is broader, its domestic policy levers are still available.
-
Foreign Investors Own Half Of HDFC Bank and ICICI Bank. An LTCG Cut Could Matter Most Here
Foreign portfolio investors have US$115 billion parked in HDFC Bank, ICICI Bank. If the government cuts long-term capital gains tax, Jefferies says returning foreign money could land here first.
-
'Never Seen This Level Of Negativity': Sandeep Tandon Says The Next Rally May Be Closer Than You Think
Veteran investor Sandeep Tandon says foreign selling is easing, large-caps are due a comeback and mid-caps are crowded, while he turns positive on gold, power and pharma this Diwali.
-
Indians Stay With Family, Not In Hotels | The Reason Why
India still lacks enough clean, reliable and affordable hotels for budget-conscious travellers.
-
The Economic Imperative: Analysing The Material Driving Force Behind India-Canada Strategic Reset
This economic complementarity is further reinforced by deep institutional investment ties and talent mobility, which form the bedrock of the bilateral framework.
-
Medicine Pricing: Where Must Profit Stop?
India must confront excessive margins, hidden incentives and regulatory gaps that threaten the integrity of medicine.
-
Why Amazon And Flipkart Are Struggling To Beat Meesho In India's Smaller Cities
With 274 million users and lowest-cost logistics, Meesho is defending its value commerce crown against giants like Amazon and Flipkart.
