Rajiv will travel to New York on a personal bond of Rs 10 lakh for 10 days to attend his son's graduation ceremony.
Rajiv was asked by CBI sleuths about the help he had extended to Videocon in relation to a loan from ICICI Bank to Venugopal Dhoot.
This was disclosed by Dhoot during the inspection of Videocon during his statement under oath and through a letter dated 15/11/2018. On 12.6.2018 a missive sent by VIL to SEBI states
Kochhar arrived at the Enforcement Directorate’s office in Khan Market around 10.30 am and left at 7.15 pm, official sources said.
ICICI bank-Videocon case: ED searches office, residential premises of Chanda Kochhar, Venugopal Dhoot
Kochhar is accused of sanctioning loans to private companies in a criminal conspiracy with other accused to cheat the ICICI Bank
The ED had earlier began a probe after registering a criminal case against the trio for alleged irregularities and corrupt practices in sanctioning a Rs 1,875-crore loan by the bank.
Clawing back Kochhar’s bonuses and stock options can’t absolve the directors, whose about-face has come far too late.
It is alleged that Videocon promoter invested crores of Rupees in Nupower, a company managed by Kochhar and her husband, months after the Videocon group got Rs 3,250 crore as loan from ICICI.
The case pertains to a possible and alleged tax evasion angle in the ICICI bank issuing a Rs 3,250 crore loan to the Videocon Group in 2012.
Kochchar was asked about the help he extended to Videocon in relation to ICICI loan, which was part of a Rs 400-billion credit given by a consortium of 20 banks to the group of Venugopal Dhoot.
Board of ICICI Bank should have exercised powers to prevent approval of loan to Dhoot’s Videocon, says whistleblower Arvind Gupta to The New Indian Express.
Videocon chairman Venugopal Dhoot denies dealings with Deepak Kochhar beyond initial investment in Nupower
Venugopal Dhoot has denied any dealings with Deepak Kochhar, the husband of ICICI Bank MD and CEO Chanda Kochhar, beyond investing Rs 2.5 lakh in Deepak's renewable energy business.