Web Hosting
FreeCurrencyRates.com

इंडियन आवाज़     23 May 2019 04:32:19      انڈین آواز
Ad

CBI questions ICICI MD’s brother-in-law

WEB DESK CBI

The CBI on Monday continued questioning Rajiv Kochhar, brother-in-law of ICICI Bank MD and CEO Chanda Kochhar, for the fifth consecutive day along with NuPower Renewables Pvt Ltd director Mahesh Chandra Punglia in connection with a case relating to Rs 3,250 crore loan to the Videocon Group in 2012.

Punglia, a close aide of Videocon Group chief Venugopal Dhoot, was examined for the third consecutive day in connection with the case. He was previously an employee of Videocon Group and then used to offer consultancy services to it.

He is also a Director in NuPower Renewables Private Limited, the company formed by Chanda Kochhar’s husband Deepak Kochhar and Dhoot in December 2008.

Rajiv Kochhar and Punglia were questioned at the Central Bureau of Investigation’s (CBI) Bandra office.

The agency on Sunday also questioned another NuPower director Umanath Vainkut Nayak in connection with the case.

Punglia was examined about the role of Rajiv Kochhar’s Singapore-based company Avista Advisory in the restructuring of loan.

The NuPower director was also asked about the help he extended to Videocon in securing the loan from the ICICI Bank, which was part of a Rs 40,000 crore credit given by a consortium of 20 banks, led by the State Bank of India, to the Videocon Group.

Rajiv Kochhar was on Thursday stopped at Mumbai airport by immigration authorities around 11 a.m. when he was about to leave for Singapore. Later, he was handed over to a CBI which is questioning him as part of its preliminary probe against his brother Deepak Kochhar and Dhoot.

The agency had registered a preliminary inquiry against Deepak Kochhar, Videocon Group officials and others to determine any wrongdoing or otherwise in the sanction of loan to the Group by the ICICI Bank as part of the consortium of banks in 2012.

Chanda Kochhar, who is facing questions of conflict of interest in the case, has not been named in the preliminary inquiry, which was registered after news reports raised questions about the Videocon Chairman giving loan of Rs 64 crore to a firm he had jointly promoted with Deepak Kochhar, six months after his group got the Rs 3,250 crore loan.

 

Leave a Reply

Your email address will not be published. Required fields are marked *

Ad
Ad

ELECTIONS

It is Modi Lahar again…NDA is leading in 327

  Our Correspondents / agencies Counting of votes for the 17th Lok Sabha and Assembly elections in ...

Reports of EVMs replacement completely false: EC

AMN / NEW DELHI The Election Commission on Tuesday termed the allegations of EVM replacement as "completely ...

63 % polling recorded in the final phase of Lok Sabha polls

Voters have already exercised their franchise for 483 out of the total 542 parliamentary seats in previous six ...

Ad

SPORTS

Hockey: Indian women clinch 3-match series beating S Korea 2-1

  By Harpal Singh Bedi India survived some anxious moments before putting it across host Korea 2-1 to r ...

Boxing: Amit Panghal, Shiva Thapa enter semis at 2nd India Open

HSB / Guwahati Asian Games gold medallist Amit Panghal (52kg) and Asian Championships bronze medallist Shiva ...

Football: Sethu FC overpower Manipur Police to win Hero Indian Women’s league

  By Harpal Singh Bedi Riding on Sabitra Bhandar's brace Sethu FC (Madurai) overcame Manipur Police ...

Ad

MARQUEE

116-year-old Japanese woman is oldest person in world

  AMN A 116-year-old Japanese woman has been honoured as the world's oldest living person by Guinness ...

Centre approves Metro Rail Project for City of Taj Mahal, Agra

6 Elevated and 7 Underground Stations along 14 KmTaj East Gate corridor 14 Stations all elevated along 15.40 ...

CINEMA /TV/ ART

66th National Film Awards to be declared after General Elections

  The 66th National Film Awards will be declared after General Elections, 2019. In a statement, Informat ...

Priyanka Chopra is among world powerful women

AGENCIES   Bollywood actress Priyanka Chopra Jonas has joined international celebrities including Opr ...

Ad

ART & CULTURE

Sahitya Akademi demands Rs 500/- from children for Workshop

Andalib Akhter / New Delhi India’s premier literary body, the Sahitya Akademi, which gives huge awards, p ...

Noted Urdu writer Jamil Jalibi is no more

  Author of the seminal history of Urdu literature, editor of one and founder of another eminent literar ...

@Powered By: Logicsart