ICICI Bank-Videocon loan case: CBI registers FIR\, raids group HQ\, offices

ICICI Bank-Videocon loan case: CBI registers FIR, raids group HQ, offices

It is alleged that Videocon promoter Venugopal Dhoot allegedly invested crores of Rupees in Nupower months after the Videocon group got Rs 3,250 crore as loan from the ICICI Bank in 2012

Press Trust of India  |  New Delhi 

icici videocon loan case
File photo of Central Bureau of Investigation headquarter

The CBI has registered an FIR in connection with alleged irregularities in the Rs 3,250 crore ICICI Bank-Videocon loan case and is carrying out searches Thursday at the group headquarters in Mumbai and offices in Aurangabad, officials said.

It is alleged that Videocon promoter allegedly invested crores of Rupees in Nupower months after the got Rs 3,250 crore as loan from the ICICI Bank in 2012, they said.


 

The agency had registered a preliminary enquiry against Videocon promoter Venugopal Dhoot,and unidentified others in March last year, they said.

A PE is a precursor before the agency lodges an FIR to probe criminal charges on the basis of evidence collected during the former exercise.


 

The agency has now converted it into an FIR which means a full-blown investigation has been started by the agency after registration of a case.

The details of the FIR and names of the accused are awaited, they said.

Read our full coverage on ICICI Videocon loan case
First Published: Thu, January 24 2019. 11:35 IST