You are here: Home » Current Affairs » News » National
Business Standard

Videocon loan case: CBI questions Rajiv Kochhar for the third day

Rajiv Kochhar was asked about the role of his company in the restructuring of the loan

Press Trust of India  |  New Delhi 

Rajiv Kochhar
Rajiv Kochhar

The questioning of Rajiv Kochhar, MD and Chanda Kochhar's brother-in-law, by the CBI started on the third consecutive day on Saturday in connection with the banks Rs 3,250 crore loan to in 2012, officials here said.

Kochhar, the of Singapore-based Avista Advisory, appeared at the agency's office in the Bandra Kurla Complex in on Saturday morning, where he was asked about the role of his company in the restructuring of the loan, they said.

He was asked about the help he extended to Videocon in relation to the loan from ICICI Bank, which was part of a Rs 400-billion credit given by a consortium of 20 banks to the group of Venugopal Dhoot.

He was detained at the airport on Thursday, as he was trying to board a flight for a South East Asian country, on the request of the CBI, they 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 Venugopal Dhoot and and unidentified others, they said.

A preliminary inquiry is the first step by the CBI to gather information about the allegations. If the agency is convinced there exists prima facie material in the matter, it may register a regular case against the accused.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

First Published: Sun, April 08 2018. 01:54 IST