Rajiv Kochhar, founder and CEO of the Avista Advisory Group, is being questioned by CBI in connection with the Videocon loan case. New Delhi: The Central Bureau of Investigation (CBI) on Saturday questioned Rajiv Kochhar, ICICI Bank MD and CEO Chanda Kochhar’s brother-in-law, for the third consecutive day in connection with Rs3,250 crore loan to Videocon Group in 2012, officials said. The deal recently made news after reports questioned the loan and linked it to a possible quid pro quo that Dhoot allegedly had with NuPower Renewables, a company founded by Deepak Kochhar, Chanda Kochhar’s husband and Rajiv Kochhar’s brother. The CBI has registered a preliminary enquiry against Videocon founder Venugopal Dhoot and Deepak Kochhar and unidentified others, they said. If the agency is convinced there exists prima facie material in the matter, it may register a regular case against the accused.

Source: Mint April 07, 2018 08:03 UTC