The CBI today quizzed Umanath Vaikunt Nayak, a director in the NuPower Renewables which was founded by the husband of ICICI Bank MD and CEO Chanda Kochhar, and Mahesh Chandra Punglia, considered a close aide of Videocon founder Venugopal Dhoot, in connection with the bank's Rs 3,250-crore loan to the Videocon group at the agency headquarters here, officials said.
A PE 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.
The ICICI Bank board came out in support of Chanda Kochhar, saying it had full faith and confidence in her and described certain reports against her regarding credit disbursement to the Videocon Group as "malicious and unfounded rumours".
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)