CBI registers FIR in Videocon group Rs 3250 crore loan case

The Central Bureau of Investigation today registered a First Information Report (FIR) against the Venugopal Dhoot-led Videocon Group and NuPower Renewables, which was founded by Deepak Kochhar. The CBI also carried out raids at several locations including the Mumbai offices of Videocon and NuPower.

The FIR and the raids are in connection with the ICICI-Videocon loan case, an alleged case of quid-pro-quo. A shareholder had alleged that Deepak Kochhar's wife Chanda Kochhar got ICICI Bank to grant a loan of Rs 3,250 crore to Venugopal Dhoot's Videocon Group. Chanda Kochhar was the MD and CEO of the ICICI Bank when this loan was granted.