TIL Desk/Business/Mumbai/ The Central Bureau of Investigation questioned Rajiv Kochhar, ICICI Bank MD and CEO Chanda Kochhar’s brother-in-law, for the second day today in connection with the bank’s Rs 3,250 crore loan to Videocon Group in 2012, officials here said.
Rajiv Kochhar, who was asked to appear at the CBI office in Mumbai, was examined about the loan and his links with Venugopal Dhoot, the promoter of the Videocon Group, and Videocon, they said.
He was detained at the Mumbai airport yesterday, as he was trying to board a flight for a South East Asian country, on the basis of a look out circular issued by the CBI, they said. He was questioned by the CBI yesterday as well after his detention at the airport.
The agency has registered a preliminary probe naming Videocon Group promoter Venugopal Dhoot, Deepak Kochhar and unidentified others in connection with the loan, 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. 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 Kochchar, Chanda Kochar’s husband and Rajiv Kochar’s brother.
