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I-T department quizzes Venugopal Dhoot in ICICI loan case

IANS  |  Mumbai 

The Income Tax (I-T) Department in has quizzed Group in connection with its ongoing investigations into the ICICI Bank-loan case, sources said here.

was responding to summons issued by the recently and was questioned by officials at its south office for around four hours on Tuesday.

The probe pertains to suspected tax evasion in the Rs 3,250-crore loan sanctioned by in 2012 to the Group.

However, when contacted by IANS, a top I-T declined to reveal details on grounds that "further investigations in the matter are still underway."

Earlier, the I-T had also questioned Deepak Kochhar, of NuPower Renewables Pvt. Ltd, in the same case.

The I-T is examining the links between the and promoted by Kochhar, who is the husband of

More than a month after conflict-of-interest allegations emerged against her, had on May 7 said that the private lender works under and abides by all regulatory norms and that it has been fully cooperating with regulatory and investigative agencies.

Asked about the possibility of a third-party audit on the Videocon issue, Kochhar said: "As the Board had earlier said that we have been extending full cooperation to the regulatory and investigative agencies, and that we will continue to cooperate with them."

Earlier said the bank's exposure to the (and 12 of its subsidiaries or associates as co-obligors) for a debt consolidation programme and for the group's aggregating approximately Rs 40,000 crore was less than 10 per cent.

He had clarified that none of "the investors of NuPower Renewables are borrowers of ICICI Bank".

--IANS

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, May 16 2018. 17:22 IST
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