• Home
  • Politics
  • Sports
  • Trending
  • Entertainment
  • Book Reviews
  • Login
  • Register
Clever Read.
Advertisement
ADVERTISEMENT
No Result
View All Result
  • Home
  • Politics
  • Sports
  • Trending
  • Entertainment
  • Book Reviews
No Result
View All Result
Clever Read.
No Result
View All Result
Home Politics

ICICI Bank loan fraud: CBI files charge sheet against Kochhars, Dhoot

Clever Read by Clever Read
April 8, 2023
in Politics
0
ICICI Bank loan fraud: CBI files charge sheet against Kochhars, Dhoot
14
SHARES
283
VIEWS

ICICI Bank loan fraud: CBI files charge sheet against Kochhars, Dhoot

New Delhi: The CBI has filed a chargesheet against former ICICI Bank MD and CEO Chanda Kochhar, her husband Deepak Kochhar and Videocon Group founder Venugopal Dhoot in the Rs 3,250-crore loan fraud case, officials said on Saturday.
The agency has filed a chargesheet under sections 120-B (criminal conspiracy) and 409 (criminal breach of trust) of the Indian Penal Code (IPC) and provisions of the Prevention of Corruption Act.
The Central Bureau of Investigation (CBI) has named nine entities, including companies and individuals, according to officials.
Officials said the CBI has moved to file a final report in a special court in Mumbai without mandatory permission to prosecute Chanda Kochhar from ICICI Bank.

A letter has been sent to the bank seeking permission, but its response is awaited.
Normally, the special court waits for permission before proceeding with the trial of the charge sheet.
A special CBI court is yet to take up the chargesheet, officials said.
They said that the provisions of the Prevention of Corruption Act are not applicable in cases where permission to prosecute is denied.
The agency arrested Kochars and Doodh in December last year.
Senior advocate Amit Desai, appearing for the Kochhars, opposing the CBI’s remand plea, said the court was brought to the notice of a letter written by ICICI Bank to the CBI in July 2021, which stated that there was no wrongful loss in any of the transactions in question.
The Bombay High Court had granted bail to the couple on January 9, underlining that the CBI’s move to arrest them was “casual, mechanical and passive and clearly unconscionable in mind”.
In the present case, the High Court observed that the grounds for arrest were non-cooperation and non-furnishing of complete and correct information.
“The reason stated in the arrest notes for the arrest of the petitioners, in view of the above facts, appears to us to be mundane, mechanical, passive and clearly devoid of mental exercise,” the court observed.
The bench held that the arrest of the Kochhars was in violation of Section 41A of the Code of Criminal Procedure (CrPC), which mandates the issuance of a notice to appear before the concerned police officer.
The CBI’s FIR has accused the Kochhars and Doodh along with Navdar Renewables (NRL), which is managed by Deepak Kochhar, Supreme Energy, Videocon International Electronics Ltd and Videocon Industries Ltd.
The agency alleged that ICICI Bank extended Rs 3,250 crore credit facilities to companies of the Videocon group advertised through Dood, in violation of the Banking Regulation Act, RBI guidelines and the bank’s lending policy.
As part of Quit Pro Go, Dudt Supreme Energy Pvt Ltd (SEPL) invested in Nupower Renewables for Rs. 64 crore and transferred SEPL to Pinnacle Energy Trust managed by Deepak Kochhar between 2010 and 2010. 2012.

Previous Post

Sharad Pawar’s stand on Adani will not affect Oppn unity, says Sena (UBT) leader Sanjay Raut

Next Post

Sibal slams govt over IT Amendment Rules

Clever Read

Clever Read

Related Posts

Parliament Clears Waqf Amendment Bill 2025 After Heated Debate; Rajya Sabha Passes with 128-95 Vote
Politics

Parliament Clears Waqf Amendment Bill 2025 After Heated Debate; Rajya Sabha Passes with 128-95 Vote

by Clever Read
April 4, 2025
Mamata Banerjee Faces Protests at Oxford: A Heated Exchange in London
Politics

Mamata Banerjee Faces Protests at Oxford: A Heated Exchange in London

by Clever Read
March 28, 2025
MK Stalin Slams Yogi Adityanath Over Language Row, Calls BJP ‘Rattled’
Politics

MK Stalin Slams Yogi Adityanath Over Language Row, Calls BJP ‘Rattled’

by Clever Read
March 27, 2025
Confessions of a One-Time Crony Capitalist: Welfare State under Attack
Book Reviews

Confessions of a One-Time Crony Capitalist: Welfare State under Attack

by Clever Read
February 15, 2025
Jalebis for Rahul Gandhi : Haryana BJP’s Jalebi Order For Rahul Gandhi. Delivery,Congress Office
Politics

Jalebis for Rahul Gandhi : Haryana BJP’s Jalebi Order For Rahul Gandhi. Delivery,Congress Office

by Clever Read
October 9, 2024
Next Post
Sibal slams govt over IT Amendment Rules

Sibal slams govt over IT Amendment Rules

ADVERTISEMENT

Premium Content

HBSE Date Sheet 2023 (OUT) Live: Haryana Board 10th, 12th Exam Dates Announced at bseh.org.in; Download Pdf

HBSE Date Sheet 2023 (OUT) Live: Haryana Board 10th, 12th Exam Dates Announced at bseh.org.in; Download Pdf

January 12, 2023
Pakistan food crisis blows up as markets run out of aata

Pakistan food crisis blows up as markets run out of aata

January 11, 2023
“Unlocking the Full Potential of Data Professionals: An Interview with Tezan Sahu, Author of ‘Beyond Code: 10 Critical Strategies to Balance Technical & Soft Skills for an Impactful Career'”

“Unlocking the Full Potential of Data Professionals: An Interview with Tezan Sahu, Author of ‘Beyond Code: 10 Critical Strategies to Balance Technical & Soft Skills for an Impactful Career'”

May 1, 2023

Browse by Category

  • Accident
  • army
  • Astrology
  • Authors Interview
  • Book Fair
  • book launch events
  • Book Reviews
  • Business
  • coffee Table
  • Cooking
  • crime
  • defense
  • education
  • election
  • Entertainment
  • Fashion
  • Fiction & Literature
  • Food
  • Health
  • Hybrid publishing
  • indian army
  • Lifestyle
  • No Tobacco
  • Parenting & Children
  • Poetry
  • Politics
  • pr
  • rocket launch
  • Self Help
  • self publishing
  • Social media trends
  • Sports
  • startup
  • Technology & Media
  • Travel
  • Trending
  • Wildlife
  • World

Browse by Tags

#bestbookpublisher #bookdisplay #bookfair #booklaunch #bookreaders #BookRecommendation #BookReview #bookreviews #booksmantra #bookspublisher #cleveratNDWBF2024 #CleverReads #cricketnews #Cricket Team #hybridbookpublisher #NDWBF2024 #publisher #selfbookpublisher authors book bookpublisher book publisher in india book review book reviews books Business children's book author Children book publisher in India self-publish cleverfoxpublishing cleverread Cricket cricket and sports crime education Hybrid Publishing-Clever Fox India Indian cricketer Israel political news politician Politics self book publisher in India sports trending news trending story
THE ETERNAL SCALE: Ragas never die – A Woman’s impassioned journey.
Book Reviews

THE ETERNAL SCALE: Ragas never die – A Woman’s impassioned journey.

by Clever Read
June 30, 2025
0

In The Eternal Scale: Ragas Never Die – A Woman's Impassioned Journey, author Manab Sen orchestrates a poignant, emotionally complex...

Read more
Let Your Organs Breathe

Let Your Organs Breathe

June 30, 2025
Pakistan Army Chief Asim Munir Issues Fresh Threats to India, Claims Pakistan a “Net Regional Stabiliser”

Pakistan Army Chief Asim Munir Issues Fresh Threats to India, Claims Pakistan a “Net Regional Stabiliser”

June 30, 2025
Repent while it’s dark: only in the dark, do people truly reveal themselves

Repent while it’s dark: only in the dark, do people truly reveal themselves

June 27, 2025
Donald Trump Hints at “Very Big” Trade Deal With India During White House Event

Donald Trump Hints at “Very Big” Trade Deal With India During White House Event

June 27, 2025
Clever Read

Get the latest information on news, trending topics, books, and social media trending reels.

© 2022 Cleverread - Clever Fox Publishing.

No Result
View All Result
  • Home
  • Books
    • Book Reviews
    • Trending
    • Astrology
    • Business
    • Fiction & Literature
    • Parenting & Children
    • Self Help
    • Cooking
  • Entertainment
  • Social Media Trends
  • PR
  • Interviews
  • News
  • Contact us
  • About us

© 2022 Cleverread - Clever Fox Publishing.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?