Loans to

group turned non-performing assets in June 2017. The accusation against the ex-ICICI Bank chief

and her spouse Deepak Kochhar, however, date back to 2009

What is CBI investigating?

Deepak Kochhar

Who are the accused?

Chanda Kochhar

What is the role of the companies?

What is the amount involved?

Why are other ICICI Bank officials named?

Videocon loan case: Former ICICI Bank CEO Chanda Kochhar booked by CBI

The CBI’s charge is that ICICI Bank sanctioned credit facilities of Rs 3,250 crore to Videocon group companies — Trend Electronics, Century Appliances, Kail, Value Industries and Evan Fraser & Co. On September 7, 2009, the bank disbursed Rs 300 cr to Videocon International and the next day a company originally floated by Dhoot, transferred Rs 64 crore into NuPower Energy a company floated by Chanda Kochhar’s spouseThe accused individuals are VN Dhoot,and Deepak Kochhar . Chanda was a part of the credit committee when loans were sanctioned to Videocon. The FIR also names NuPower Renewables floated by Deepak Kochhar and Dhoot’s companies which include Videocon International Videocon Industries, Supreme Energy and other unknown individual and unknown public servants.NuPower was set up in December 2008 as a JV between Kochhar and Dhoot. Supreme Energy (SEL) was Dhoot’s company, incorporated in July 2008. The control of this company was transferred to Deepak Kochhar after Dhoot stepped down in 15.1.2009. SEL was transferred by selling its shares to Pinnacle Energy Trust a company managed by Deepak Kochhar. SEL’s Rs 64 crore investment in September 2009 was the first major capital infusion into NuPower.The FIR states that total loans worth Rs 3,250 crore were sanctioned to Videocon. CBI has pegged the value of misappropriated amount Rs 1,730 crore – the outstanding term loan as on April 26, 2012.CBI has named eight other officials who were part of the sanctioning committee. Sandeep Bakhshi, K Ramkumar, Sonjoy Chatterjee, NS Kannan, Zarin Daruwala, Rajiv Sabharwal, KV Kamath, Homi KhusrokhanThe report does not make any allegations against the officials but calls for an investigation into their role.