CBI questions bank officials over Videocon- ICICI loan
New Delhi: The CBI has questioned few ICICI bank officials as part of a preliminary inquiry to find if any quid pro quo was involved in the bank issuing a 3,250 crore loan to the Videocon Group in 2012. Agency officials said if they come across any evidence that indicates wrongdoing, ICICI Bank CEO Chanda Kochhar and her husband could be summoned for questioning.
New Delhi, March 31: The CBI has questioned few ICICI bank officials as part of a preliminary enquiry to find if any quid pro quo was involved in the bank issuing a Rs 3,250 crore loan to the Videocon Group in 2012.
Agency officials said they are also studying relevant documents of the transaction and if they come across any evidence that indicates wrongdoing, ICICI bank MD and CEO Chanda Kochhar, her husband Deepak Kochhar along with others could be summoned for detailed questioning.
They said the statements of nodal officers of the ICICI, who were part of processing the loan of about Rs 3,250 crore, have been recorded as part of the PE registered six weeks back.
The PE has named Videocon group promoter Venugopal Dhoot, Deepak Kochhar and unknown others, they said.
A PE is a precursor before the agency lodges an FIR to probe criminal charges on the basis of evidence collected during the former exercise.
The deal recently made news after reports questioned the loan and linked it to a possible quid pro quo that Dhoot allegedly had with NuPower Renewables, a company founded by Deepak Kochchar.
Earlier this week, the ICICI Bank board came out in support of Chanda Kochhar, saying it has full faith and confidence in her and described certain reports against her regarding credit disbursement to Videocon group as "malicious and unfounded rumours".
The board had also reviewed the banks internal processes for credit approval and found them robust, the private sector lender had said in a statement.