The Hush Post| 13:44 pm |two-minute-read
Former CEO of ICICI Bank Chanda Kochhar told investigators she “wasn’t aware of her husband’s business dealings” with Videocon group MD Venugopal Dhoot when six high value loans to the group were approved by the bank.
When asked about a Rs 64-crore loan given by Videocon group to Deepak Kochhar’s company NuPower Renewables a day after a Rs 300-crore loan was disbursed to a Videocon group company by the bank, Kochhar said she “didn’t discuss her bank related work with her husband or vice-versa, thus there was no question of any favour in lieu of the bank loan.”
According to CBI the Rs 64 crore loan was a bribe to the Kochhars.
Kochhar was questioned for four consecutive days by ED officials in Mumbai earlier this month along with Deepak Kochhar and Dhoot. The CBI and ED are looking for documents or emails, which can prove the “criminal intent” on her part.
The investigators have also established that a payment was made by Dhoot to Deepak Kochhar’s company via Mauritius. A judicial request (called Letter Rogatory) is being sent to the tax haven seeking details about the payment.
Former ICICI Bank chief executive officer(CEO) Chanda Kochhar told investigators six high value loans worth Rs 1,875 crore given to Videocon companies between June 2009 and October 2011 were “given on merit and the sanctioning committee of the bank had properly examined the individual request”, according to a source .
Sources claim there is enough evidence to prove Kochhars’ association with Dhoot and efforts are being made to ascertain that ICICI loans and transfers made by Dhoot to Deepak were “linked”.
Deepak Kochhar is learnt to have told officials that he had no discussion with his wife regarding favouring Dhoot’s companies. The timing of loan transfers from the bank to Dhoot’s firm and Dhoot to his companies is merely coincidental, Deepak has claimed.