The preliminary enquiry was registered a month ago and it is the first step to verify allegations of corruption
The Central Bureau of Investigation (CBI) on Saturday confirmed media reports that a preliminary enquiry (PE) has been registered against Deepak Kochhar and Videocon chairman Venugopal Dhoot.
The PE was registered a month ago and it is the first step to verify allegations of corruption. The PE also names unnamed bank officials.
Deepak, husband of ICICI Bank CEO and MD Chanda Kochhar, has been accused of receiving Rs 64 crore from an entity (NuPower Renewables Pvt Ltd) set up by Dhoot with Deepak and two of his relatives as partners. This deal happened six months after Videocon group got Rs 3,250 crore loan from ICICI.
The amount was part of the Rs 40,000-crore loan that Videocon Group secured from a consortium of 20 banks, led by SBI.
Earlier, ICICI Bank chairman MK Sharma had said that Chanda was on the panel that cleared the Videocon loan.
“The board doesn’t believe it represents a conflict as Videocon Group is not an investor in NuPower Renewables. Hence, there was no need for Chanda Kochhar to recuse herself from the committee,” Sharma had said at a conference.
Indicating that RBI had intervened in the issue, Sharma said the bank had satisfactorily replied to all questions of the regulators. He said it’s an ongoing process.
“However, it’s privileged communication, so the company cannot share specific details about queries by the regulator,” he said.Meanwhile, SFIO is investigating loan given to Gitanjali Gems worth Rs 5280 crore where ICICI Bank is the lead banker and is likely to call the call top management of the bank soon for questioning.