A day after Central Bureau Investigation (CBI) filed an FIR against the former MD and CEO of ICICI Chanda Kochhar , her husband Deepak Kocchar and Videocon group’s V N Dhoot in cheating case, the officer probing the case was transferred out.

SP Sudhanshu Dhar Mishra, who signed the Chanda Kochhar FIR on January 22, was the part of Banking and Securities Fraud Cell in Delhi. He was transferred to Economics Offices Branch in Ranchi according to the transfer order issued on January 23.

Also Read: CBI files FIR against ex-ICICI chief Chanda Kochhar, her husband and Videocon MD Doot

Meanwhile, two other senior CBI officials were also transferred along with SP Sudhanshu Dhar Mishra.

Biswajit Das, the SP, Economic Offences Branch of CBI in Kolkata has been transferred and posted as SP of Banking and Securities Fraud Cell of CBI, Delhi. The other official, Sudip Roy, SP, CBI, Economic Offences Branch-IV, Kolkata has been transferred and posted as SP, CBI Economic Offences Branch in Kolkata.

After the FIR was registered against the Kochhars and Dhoot, Finance Minister Arun Jaitley took a jibe at the premier investigative agency, calling it “investigative adventurism” and a “journey to nowhere.”

His comments were retweeted by Interim Finance Minister Piyush Goyal and Defence Minister Nirmala Sitharaman.

The sources told that Jaitley’s comments should not be misconstrued as they were merely “elderly advice”.

According to CBI, on August 26, 2009, the sanctioning committee of ICICI Bank that included Chanda Kochhar approved a loan of Rs 300 crore to Videocon International Electronics Ltd (VIEL). The accused in the case had committed alleged irregularities to the tune of Rs 3,250 crore.

The allegations further say that Kochhar, the then MD and CEO of ICICI Bank, being the head of the sanctioning committee, abused her official position to sanction the loan in favour of the said Mumbai-based private company.

On Thursday, CBI carried out searches at multiple locations, including the offices of Videocon group in Mumbai and Aurangabad, offices of Nupower Renewables Pvt Limited which is operated by Deepak Kochhar, and Supreme Energy after registering a case.

As per SEBI’s preliminary probe conducted earlier, Deepak Kochhar had many business dealings with the Videocon Group over the past several years.

Deepak and Videocon chief Venugopal Dhoot were also the co-founders and promoters of NuPower, besides other associations.

In March 2018, CBI had registered a preliminary enquiry (PE)- a precursor before the agency lodges an FIR to probe criminal charges on the basis of evidence collected- against Videocon promoter Dhoot, Deepak Kochhar and unidentified others. 

LEAVE A REPLY

Please enter your comment!
Please enter your name here