Taxmen send new notice to Deepak

New Delhi, April 30: The Income- Tax ( I- T) department on Monday sent a second notice to ICICI Bank chief Chanda Kochhar’s husband, Deepak Kochhar, amid the ongoing loan deal involving Videocon Group and the private lender.

A senior official from the I- T department told ANI on the condition of anonymity that the department sent the notice seeking an explanation from Deepak Kochhar on his personal income, under Section 139 ( 9) of the Income- Tax Act. The official further stated that a response is expected from Deepak within the next 15 days.

The official also noted that the Foreign Tax division of the I- T department wrote to Mauritius tax authorities seeking details of ownership of DH Renewables Holding, a major shareholder in NuPower Renewables, a joint venture between Videocon Group Chief Venugopal Dhoot and Deepak Kochhar.

For those unversed, media reports earlier in March highlighted an alleged involvement of Chanda Kochhar and her family members in a ` 3,250 crore loan provided to the Videocon group on quid pro quo basis in 2012. Soon after, Indian Investors Protection Council Trustee Arvind Gupta said the evidence in the case pointed out that Chanda Kochhar was herself a beneficiary of the loan, and her husband is an indirect beneficiary of the loan granted to Videocon.

— ANI