Videocon Industries, ICICI Bank shares fall up to 3% as CBI books Chanda Kochhar, Venugopal Dhoot in connection with alleged scam

New Delhi: Shares of Videocon Industries and ICICI Bank fell by up to 3 percent on Thursday after the CBI booked former ICICI Bank CEO and MD Chanda Kochhar, her husband Deepak Kochhar and Videocon group MD Venugopal Dhoot in connection with alleged cheating and irregularities.

The scrip of Videocon Industries Ltd went down by 2.73 percent to close at Rs 2.85 on the BSE.

Videocon Industries, ICICI Bank shares fall up to 3% as CBI books Chanda Kochhar, Venugopal Dhoot in connection with alleged scam

Representational image. Reuters

Shares of ICICI Bank fell by 0.72 percent to end at Rs 365 apiece on the BSE.

The CBI has booked Chanda, Deepak and Dhoot in connection with alleged cheating and irregularities in loans sanctioned by the bank to the group in 2012, officials said on Thursday.

The agency on Thursday carried out searches at multiple locations, including the offices of Videocon group in Mumbai and Aurangabad, offices of Nupower Renewables Pvt Limited which is operated by Deepak Kochhar, and Supreme Energy after registering a case.

In addition to Chanda, Deepak and Dhoot, the agency has also named companies NuPower Renewables, Supreme Energy, Videocon International Electronics and Videocon Industries as accused in the FIR registered under IPC sections related to criminal conspiracy and provisions of the Prevention of Corruption Act, they said.

 

 

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Updated Date: Jan 24, 2019 17:38:44 IST

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