Videocon case: ICICI Bank, Chanda Kochhar face US regulatory probe; Indian agencies may seek foreign help
Earlier in March, when the reports first surfaced in this regard, the bank had said that its board has "full confidence and reposes full faith" in Kochhar.
Whistle-blower Arvind Gupta, in March 2016, had written a letter to the prime minister alleging dirty dealings between the bank, through Chanda Kochhar, and the Videocon Group to benefit her family.
Independent inquiry to get to the bottom of allegations of quid pro quo deal with Videocon Group, conflict of interest.
The agency had been questioning the then senior executives of the NuPower Renewables and Videocon in Mumbai but it is the first time they were called here for their questioning.
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.
Deepak Kochhar has been asked to furnish details of his personal finances, Income Tax Returns for the last few years and business transactions with NuPower Renewables.
Chanda Kochhar has pulled out of the annual session of FICCI Ladies Organisation to be held this week, where she was to be felicitated by President Ram Nath Kovind.
Videocon loan case: Disclose majority shareholder's real identity, whistleblower tells Deepak Kochhar's NuPower
Videocon Group chairman Venugopal Dhoot is said to have invested in NuPower Renewables Pvt Ltd and extended Rs 64-crore loan after Videocon secured a loan from a consortium of banks.