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ICICI Bank-Videocon case: Chanda & Deepak Kochhar, V N Dhoot sent to CBI custody till December 28

NEW DELHI: Videocon chairman Venugopal Dhoot, former MD and CEO of ICICI Bank Chanda Kochhar and her husband Deepak Kochhar have been sent to CBI custoday till December 28 in connection with the loan fraud case.
CBI had sought the custody of the Videocon chairman for three days and of the couple for three more days.
Earlier today, CBI arrested Videocon chairman Venugopal Dhoot, co-accused in the ICICI bank money laundering case.
On Friday, the CBI arrested former CEO and managing director of ICICI Bank Chanda Kochhar and her husband Deepak Kochhar. She quit as the CEO of the bank in 2018.
The CBI accused them of non-cooperation in the investigation.
Chanda Kochhar took charge of ICICI Bank in May 2009, after which she allegedly illegally sanctioned loans to the Videocon group of companies. The ICICI Bank loans of Rs 1,875 crore to the Videocon group companies became non-performing assets in 2017. It caused loss to the bank, according to the CBI.
It was also alleged that as a part of the quid pro quo, Dhoot made an investment of Rs 64 crore in Nupower Renewables through Supreme Energy Pvt Ltd (SEPL) and transferred SEPL to Pinnacle Energy Trust managed by Deepak Kochhar through a circuitous route between 2010 and 2012.

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