Tax dept questions Matix's Nishant Kanodia in connection with NuPower probe

Central Bureau of Investigation (CBI) is likely to file a case in the coming weeks regarding the financial transactions related to NuPower Renewables

The income tax (I-T) department has questioned Matix Group Chairman Nishant Kanodia in connection with its probe into NuPower Renewables, a company promoted by Deepak Kochhar, the husband of ICICI Bank Chief Executive Officer Chanda Kochhar, sources said.

According to highly placed officials, the Central Bureau of Investigation (CBI) is likely to file a case (a first information report) in the coming weeks regarding the financial transactions related to NuPower Renewables. There is no clarity on which individuals or entities could be named in the FIR. “While the I-T department has been probing the Rs 3.25-billion investment made by Firstland