--°C
Loading...
Listen to Article
2 min read
80%
The CBI claims that ICICI Bank violated the Banking Regulation Act, RBI norms, and the bank's credit policy when it approved credit facilities totaling Rs 3,250 crore for the Videocon Group entities that Dhoot marketed.

Digital Desk: In connection to alleged fraud and irregularities in loans the bank granted to Videocon Group companies, a special court in Mumbai on Saturday held in custody Chanda Kochhar, the former CEO and MD of ICICI Bank, and her husband Deepak Kochhar in the custody of the Central Bureau of Investigation (CBI) until December 26.

After a brief interrogation, the investigation agency detained the Kochhars on Friday night.

According to the CBI, they gave evasive answers and refused to help with the inquiry.

In the first information report (FIR) filed in 2019 under Indian Penal Code (IPC) sections related to criminal conspiracy and provisions of the Prevention of Corruption Act, the CBI named the Kochhars and Venugopal Dhoot of the Videocon Group, along with companies Nupower Renewables (NRL) managed by Deepak Kochhar, Supreme Energy, Videocon International Electronics Ltd., and Videocon Industries Limited, as accused parties.

The CBI claims that ICICI Bank violated the Banking Regulation Act, RBI norms, and the bank's credit policy when it approved credit facilities totaling Rs 3,250 crore for the Videocon Group entities that Dhoot marketed.
 

 
 
 
FOLLOW US F
POPULAR
FEATURE
TRENDY
Love Ice Cream in Summer? Here’s How It Might Be Hurting Your Health
India-Pakistan Legends Match Called Off Amid Player Boycott Over Pahalgam Attack
PM Internship Scheme Gets Boost in North East:Nirmala Sitharaman Highlights Youth Empowerment at Shillong Roundtable
Fire Breaks Out at GMCH , Guwahati
Floods Wreak Havoc in Doboka; Bridges Swept Away, Areas Submerged
Is Your Switchboard Dirty? Here’s a Quick and Easy Way to Make It Shine in Just 5 Minutes!