 "Deepak Kochhar. Illustration: Ajay Mohanty")
The Prime Minister’s Office (PMO) has ordered the Central Bureau of Investigation and the income tax department to probe transactions involving NuPower Renewables, Videocon Industries and other related parties in connection with the Rs 32.5 billion ICICI Bank-Videocon loan case. The PMO wants the agencies to identify the actual beneficiaries of these transactions made in India and abroad.
This is the first time the PMO has directly stepped into the case, seeking a detailed investigation.
“This ministry is issuing direction for inspection of the books of accounts and papers of NuPower Renewables Pvt Ltd, Supreme Energy Pvt Ltd, Pacific Capital Services
