Firstpost
  • Home
  • Video Shows
    Vantage Firstpost America Firstpost Africa First Sports
  • World
    US News
  • Explainers
  • News
    India Opinion Cricket Tech Entertainment Sports Health Photostories
  • Asia Cup 2025
Apple Incorporated Modi ji Justin Trudeau Trending

Sections

  • Home
  • Live TV
  • Videos
  • Shows
  • World
  • India
  • Explainers
  • Opinion
  • Sports
  • Cricket
  • Health
  • Tech/Auto
  • Entertainment
  • Web Stories
  • Business
  • Impact Shorts

Shows

  • Vantage
  • Firstpost America
  • Firstpost Africa
  • First Sports
  • Fast and Factual
  • Between The Lines
  • Flashback
  • Live TV

Events

  • Raisina Dialogue
  • Independence Day
  • Champions Trophy
  • Delhi Elections 2025
  • Budget 2025
  • US Elections 2024
  • Firstpost Defence Summit
Trending:
  • Nepal protests
  • Nepal Protests Live
  • Vice-presidential elections
  • iPhone 17
  • IND vs PAK cricket
  • Israel-Hamas war
fp-logo
ICICI Bank case: CBI officer transferred days after signing FIR against Chanda Kochhar, husband Deepak, other industry bigwigs
Whatsapp Facebook Twitter
Whatsapp Facebook Twitter
Apple Incorporated Modi ji Justin Trudeau Trending

Sections

  • Home
  • Live TV
  • Videos
  • Shows
  • World
  • India
  • Explainers
  • Opinion
  • Sports
  • Cricket
  • Health
  • Tech/Auto
  • Entertainment
  • Web Stories
  • Business
  • Impact Shorts

Shows

  • Vantage
  • Firstpost America
  • Firstpost Africa
  • First Sports
  • Fast and Factual
  • Between The Lines
  • Flashback
  • Live TV

Events

  • Raisina Dialogue
  • Independence Day
  • Champions Trophy
  • Delhi Elections 2025
  • Budget 2025
  • US Elections 2024
  • Firstpost Defence Summit
  • Home
  • India
  • ICICI Bank case: CBI officer transferred days after signing FIR against Chanda Kochhar, husband Deepak, other industry bigwigs

ICICI Bank case: CBI officer transferred days after signing FIR against Chanda Kochhar, husband Deepak, other industry bigwigs

FP Staff • January 27, 2019, 15:24:15 IST
Whatsapp Facebook Twitter

The CBI investigating officer in the ICICI Bank case involving Chanda Kochhar, Sudhanshu Dhar Mishra, was transferred to the agency’s Economic Offences Branch in Ranchi days after signing the FIR in the case.

Advertisement
Subscribe Join Us
Add as a preferred source on Google
Prefer
Firstpost
On
Google
ICICI Bank case: CBI officer transferred days after signing FIR against Chanda Kochhar, husband Deepak, other industry bigwigs

The Central Bureau of Investigation (CBI) officer looking into the bank fraud case against former ICICI Bank CEO Chanda Kochhar and several other bigwigs in the inductry, was transferred a day after the agency filed the FIR in the case, reports said. [caption id=“attachment_4498957” align=“alignleft” width=“380”]Representational Image. AFP Representational Image. AFP[/caption] The CBI, on Thursday,  registered the case against Chanda Kochar, her husband Deepak Kochhar, Videocon Group managing director Venugopal Dhoot and others for allegedly defrauding ICICI Bank of Rs 1730 crore. Sudhanshu Dhar Mishra, who was superintendent of the Banking and Securities Fraud Cell of the CBI, was transferred to the agency’s Economic Offences Branch in Ranchi, Jharkhand, on Friday,  The Indian Express reported. Mishra had signed the FIR in the case on 22 January. Justifying the transfer, the CBI pinned the blame on Mishra, accusing him of keeping the preliminary inquiry pending for no reason. Officials also claimed that information regarding CBI raids was leaked. “A discreet inquiry was conducted, and Sudhanshu Dhar Mishra was suspected to have a role in it. Hence, he has been transferred, pending a detailed inquiry in the matter,” an official said. On Thursday, the CBI had booked Chanda and Deepak Kochhar for criminal conspiracy and fraud. The agency also said former non-executive chairman of ICICI Bank KV Kamath, as well as present ICICI Bank CEO Sandeep Bakshi, Goldman Sachs India chairman Sonjoy Chatterjee, Standard Chartered Bank CEO Zarin Daruwala, Tata Capital head Rajiv Sabharwal and Tata Capital senior adviser Homi Khusrokhan, need to be investigated for high-value loans ICICI Bank had sanctioned under Chanda Kochhar to Videocon Industries. The agency alleged that the loans were extended in violation of the bank’s lending policies and in exchange for an investment by the consumer electronics company’s owner in a business headed by Deepak Kochhar. A day after the CBI filed the FIR, Finance Minister Arun Jaitley took to Twitter , saying that when he read “the list of potential targets” in the ICICI case, he thought the agency was heading on a “journey to nowhere (everywhere)” instead of “focusing primarily on the target”. “There is a fundamental difference between investigative adventurism and professional investigation,” Jaitley wrote.

My advice to our investigators – avoid adventurism and follow the advice given to Arjun in the Mahabharata – Just concentrate on the bulls eye.

— Arun Jaitley (@arunjaitley) January 25, 2019

Jaitley, who is recuperating after a surgery in a hospital in the US, added that one of the reasons for the “poor” conviction rate in India was that “ adventurism and megalomania” takes over investigators and professionalism takes a back seat. His tweets were shared by interim finance minister Piyush Goyal and Defence Minister Nirmala Sitharaman. What is the case about? Kochhar had quit the ICICI on 4 October, 2018 in the wake of allegations that she had favoured Videocon in the lending processes because the consumer electronics company’s founders had invested in a company belonging to Deepak Kochhar. The CBI filed cases against her, Deepak, Dhoot and others after conducting raids at four premises in Maharashtra, the investigating agency had said. The preliminary enquiry apparently showed that from June 2009 to October 2011, ICICI Bank had allegedly sanctioned six high-value loans to various Videocon Group companies, CBI sources said. Chanda Kochhar had taken over the post of the Managing Director of the ICICI Bank on 1 May, 2009. The companies M/S Nupower Renewables Limited (NRL) and M/S Supreme Energy Private Limited (SEPL) have also been named in the case registered by CBI. It is alleged that SEPL was initially incorporated by Dhoot and his associate Vasant Kakade and the ownership of the company was later transferred to Deepak Kochhar by selling the shares of the company to Pinnacle Energy Trust (PET) which was owned by Kochhar. It was also alleged that Dhoot had invested a large amount of funds in Deepak Kochhar-owned Nupower months after the Videocon group received Rs 3,250 crore as loan from the ICICI Bank in 2012. With inputs from agencies

Tags
NewsTracker CBI Arun Jaitley Central Bureau of Investigation Chanda Kochhar KV Kamath Venugopal Dhoot deepak kochhar ICICI Bank loan controversy Videocon loan row Videocon case Sudhanshu Dhar Mishra
End of Article
Latest News
Find us on YouTube
Subscribe
End of Article

Impact Shorts

NDA's CP Radhakrishnan wins vice presidential election

NDA's CP Radhakrishnan wins vice presidential election

CP Radhakrishnan of BJP-led NDA won the vice presidential election with 452 votes, defeating INDIA bloc's B Sudershan Reddy who secured 300 votes. The majority mark was 377.

More Impact Shorts

Top Stories

Israel targets top Hamas leaders in Doha; Qatar, Iran condemn strike as violation of sovereignty

Israel targets top Hamas leaders in Doha; Qatar, Iran condemn strike as violation of sovereignty

Nepal: Oli to continue until new PM is sworn in, nation on edge as all branches of govt torched

Nepal: Oli to continue until new PM is sworn in, nation on edge as all branches of govt torched

Who is CP Radhakrishnan, India's next vice-president?

Who is CP Radhakrishnan, India's next vice-president?

Israel informed US ahead of strikes on Hamas leaders in Doha, says White House

Israel informed US ahead of strikes on Hamas leaders in Doha, says White House

Israel targets top Hamas leaders in Doha; Qatar, Iran condemn strike as violation of sovereignty

Israel targets top Hamas leaders in Doha; Qatar, Iran condemn strike as violation of sovereignty

Nepal: Oli to continue until new PM is sworn in, nation on edge as all branches of govt torched

Nepal: Oli to continue until new PM is sworn in, nation on edge as all branches of govt torched

Who is CP Radhakrishnan, India's next vice-president?

Who is CP Radhakrishnan, India's next vice-president?

Israel informed US ahead of strikes on Hamas leaders in Doha, says White House

Israel informed US ahead of strikes on Hamas leaders in Doha, says White House

Top Shows

Vantage Firstpost America Firstpost Africa First Sports

QUICK LINKS

  • Mumbai Rains
Latest News About Firstpost
Most Searched Categories
  • Web Stories
  • World
  • India
  • Explainers
  • Opinion
  • Sports
  • Cricket
  • Tech/Auto
  • Entertainment
  • IPL 2025
NETWORK18 SITES
  • News18
  • Money Control
  • CNBC TV18
  • Forbes India
  • Advertise with us
  • Sitemap
Firstpost Logo

is on YouTube

Subscribe Now

Copyright @ 2024. Firstpost - All Rights Reserved

About Us Contact Us Privacy Policy Cookie Policy Terms Of Use
Home Video Shorts Live TV