MUMBAI: The CBI has submitted a chargesheet in opposition to Chandra Kochhar, ex-CEO of ICICI Bank, her husband Deepak Kochhar and VN Dhoot, founder of the Videocon crew, in a Rs 3,250 crore mortgage fraud case. Also named within the chargesheet are 6 others, together with corporations, and one in every of Dhoot’s shut kin who allegedly signed paperwork associated with the mortgage disbursement. Another accused is a chartered accountant who allegedly gave a certificates claiming that the mortgage quantity used to be applied for the aim for which it used to be distributed.
The prosecution stated sanctions to prosecute Chanda is awaited from the financial institution.
Among the costs, the CBI has invoked Section 409 when it comes to prison misconduct through a public servant of IPC , Other fees beneath the IPC come with 420 (dishonest) and 120B (prison conspiracy) along with offenses beneath the Prevention of Corruption Act.
The record has been submitted ahead of the best division within the periods court docket for verification. The chargesheet will then be despatched ahead of the particular CBI court docket, which can begin complaints on its cognizance.
The CBI had arrested Kochhar together with her husband and Dhoot within the case in December 2022. In January, the court docket launched them on bail.
According to the CBI’s case, two corporations shaped in 2008 have been used as a part of a quid professional quo association between Chanda and Dhoot. Dhoot allegedly transferred his holdings within the two corporations to Deepak simply ahead of Chanda changed into head of ICICI Bank.
ICICI Bank therefore sanctioned Rs 1,700 crore value of loans to Videocon Group, maximum of which changed into non-performing property (NPAs). Earlier Kochhar’s suggest had challenged her arrest within the case declaring it used to be unlawful and violation of regulations as sanction used to be no longer sought.
CBI had alleged that Chanda Kochhar won a Rs 64 crore kickback from Videocon Group for her personal use (via an funding in her husband’s company). CBI had additionally alleged that as a part of every other quid professional quo, she resided in a flat with out attention throughout the length she handled the Videocon mortgage proposal. The flat used to be beneath litigation for ownership between Videocon and Deepak Kochhar.
The prosecution stated sanctions to prosecute Chanda is awaited from the financial institution.
Among the costs, the CBI has invoked Section 409 when it comes to prison misconduct through a public servant of IPC , Other fees beneath the IPC come with 420 (dishonest) and 120B (prison conspiracy) along with offenses beneath the Prevention of Corruption Act.
The record has been submitted ahead of the best division within the periods court docket for verification. The chargesheet will then be despatched ahead of the particular CBI court docket, which can begin complaints on its cognizance.
The CBI had arrested Kochhar together with her husband and Dhoot within the case in December 2022. In January, the court docket launched them on bail.
According to the CBI’s case, two corporations shaped in 2008 have been used as a part of a quid professional quo association between Chanda and Dhoot. Dhoot allegedly transferred his holdings within the two corporations to Deepak simply ahead of Chanda changed into head of ICICI Bank.
ICICI Bank therefore sanctioned Rs 1,700 crore value of loans to Videocon Group, maximum of which changed into non-performing property (NPAs). Earlier Kochhar’s suggest had challenged her arrest within the case declaring it used to be unlawful and violation of regulations as sanction used to be no longer sought.
CBI had alleged that Chanda Kochhar won a Rs 64 crore kickback from Videocon Group for her personal use (via an funding in her husband’s company). CBI had additionally alleged that as a part of every other quid professional quo, she resided in a flat with out attention throughout the length she handled the Videocon mortgage proposal. The flat used to be beneath litigation for ownership between Videocon and Deepak Kochhar.