ICICI-Videocon Fraud Case: CBI tightens screws on Chanda-Deepak Kochhar, files first charge sheet - Newztezz - Latest News Today, Breaking News, Top News Headlines, Latest Sports News

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Saturday, April 8, 2023

ICICI-Videocon Fraud Case: CBI tightens screws on Chanda-Deepak Kochhar, files first charge sheet


Now a new twist has come in the ICICI Bank-Videocon loan fraud case. The CBI has filed the first charge sheet against former managing director of the bank, her husband Deepak Kochhar and Videocon promoter Venugopal etc. Read this news...

Former Managing Director of ICICI Bank Chanda Kochhar is now getting tightened in the loan fraud case. The CBI probing the case has filed the first charge sheet against Kochhar, her husband Deepak Kochhar and Videocon promoter Venugopal Dhoot. Apart from these, the names of 6 more people are also there in the CBI charge sheet.

The CBI probing the case says that Venugopal Dhoot had invested in the company of Chanda Kochhar's husband Deepak Kochhar. In return, Chanda Kochhar had illegally granted loans to Videocon Group companies taking advantage of her position.

Dhoot's relatives, chartered account name also included

Apart from the Kochhars and Dhoot, the CBI chargesheet also named a chartered accountant and a relative of Dhoot. According to media reports, the CBI has submitted the charge sheet to the registrar's office of the Mumbai Sessions Court. Although the scrutiny is still going on.

Quoting sources, it has been said in the news that after scrutiny, a copy of the charge sheet will be handed over to the accused. After this it will be presented before the special CBI court.

Sanction to prosecute Kochhar awaited

A source associated with the CBI says that ICICI Bank's approval is yet to be received for prosecuting Chanda Kochhar. It is also mandatory to take such approval under the Anti-Corruption Act. At the same time, only after taking cognizance of the special court of CBI, the trial against Kochhar and other accused will be started. No comment has been made by ICICI Bank in this regard yet.

The Kochhar couple were arrested in December

The CBI had arrested the Kochhar couple on December 23 last year in the loan fraud case. While Dhoot was arrested three days later. The first FIR in this case was registered in the year 2019.

The case pertains to the alleged wrongful disbursement of a loan of over Rs 1,800 crore to the Videocon Group. After the arrest, the Bombay High Court had released the Kochhars on January 9 and Dhoot on bail on January 20.

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