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CBI Officer Who Signed FIR Against Chanda Kochhar In ICICI-Videocon Case Is Facing Administration’s Ire

Published on 27 January, 2019 at 8:34 pm By

India’s premier investigating agency, the Central Bureau of Investigation (CBI), has charged ICICI Bank’s former CEO Chanda Kochhar with defrauding the ICICI Bank. Apart from Chanda Kochhar, her husband Deepak Kochhar and Videocon head Venugopal Dhoot, have also been named in the FIR. As per the FIR filed by the CBI, Kochhar misused her position and sanctioned unscrupulous loans, which cost the private lender of Rs 1,720 crore.


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The agency said Videocon was given loans after Chanda Kochhar took charge as MD-CEO of ICICI Bank on May 1, 2009. The sanctioning committee, of which Chanda was a part, approved a loan of Rs 300 crore to Videocon International Electronics Ltd (VIEL) and Rs 750 crore to Videocon Industries Ltd (VIL).

 

 

The CBI also said that Dhoot had invested crores in Mr Kochhar’s NuPower Renewables months after the firm received a huge loan from the ICICI.

As per a media report, in total, the private lender gave nod to six high-value loans to various Videocon companies between June 2009 and October 2011. As per the FIR, the loans worth Rs 1,575 crore given to Videocon, had turned into non-performing assets (NPA).

 

 


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Now in a surprising turn of events, the CBI officer – Sudhanshu Dhar Mishra, who was part of the Banking and Securities Fraud Cell, has now been transferred. He has been replaced by Biswajit Das in Delhi. His transfer orders came just a day after the agency filed the FIR.

Also, just two days prior to Mishra’s transfer, Arun Jaitley took to social media and questioned actions by the CBI against Chanda Kochhar.

Here is the tweet by Arun Jaitley:

 

 

Here’s how Netizens reacted when the news of Mishra’s transfer hogged headlines:

 

 

 



 

 

 

 

 

 

 


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The agency has leveled Indian Penal Code sections related to criminal conspiracy, cheating and provisions of the Prevention of Corruption Act on all the accused. As per the FIR, the CBI also wants to investigate role of some top names in Indian banking industry in connection with clearing these loans.

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