The Central Bureau Of Investigation has registered an FIR in connection with the alleged irregularities in transactions between ICICI Bank, the Videocon Group and NuPower Renewables, a company promoted by former ICICI MD and CEO Chanda Kochhar’s husband Deepak in 2010.

CBI officials confirmed that the FIR had been registered and searches had been initiated to examine and seize documents pertaining to the case on Thursday.

“Our teams are conducting searches at four locations. In Mumbai, searches are being conducted at the offices of Videocon, NuPower Renewables and Supreme Energy in Nariman Point, while a Videocon premises in Aurangabad district is also being searched,” a CBI officer said.

It was alleged that a company related to Videocon group chairman Venugopal Dhoot invested ₹64 crore in NuPower in 2010 and later, the proprietorship of the company was transferred to a trust owned by Mr. Kochhar for ₹9 lakh after the Videocon Group received a loan of ₹3250 crore from ICICI Bank in 2012. Ms. Kochhar first went on leave and later put in her papers in October 2018 after the CBI initiated a preliminary inquiry into the matter.