Sunil Bhuta, the Chief Financial Officer (CFO) of NuPower Renewables faced a CBI interrogation today. NuPower Renewable was founded by the husband of ICICI Bank CEO and MD Chanda Kochhar, in connection with Rs 3,250-crore loan from the bank to the Videocon Group in 2012.

Bhuta is believed to be associated with the company since its inception. The official website of the company states that Bhuta has been "responsible for overall finance, accounts, audit and taxation function for NuPower since inception".

The loan came under scanner after reports questioned it linking it to a possible quid pro quo that Videocon Group promoter Venugopal Dhoot allegedly had with NuPower Renewables, a company founded by Deepak Kochhar, Chanda Kochhar's husband.

A preliminary enquiry against Videocon founder Venugopal Dhoot and Deepak Kochhar and unidentified others was filed by the CBI.

CBI officials are in the process of studying relevant documents of the transaction. Deepak Kochhar along with others could be summoned for detailed questioning if any evidence of indicated wrongdoing surfaces.

Earlier this month, the Central Bureau of Investigation had summoned Rajeev Kochhar's brother-in-law Mahesh Pugalia for interrogation in the ICICI Bank-Videocon case. Rajeev Kochhar is the brother-in-law of ICICI Bank CEO Chanda Kochhar.

The CBI also called in Umanath Venkat Naik, the Director of NuPower Renewables, a joint venture between Videocon and Chanda Kochhar's husband, Deepak Kochhar.

(With inputs from agencies)&nbsp

A preliminary enquiry against Videocon founder Venugopal Dhoot and Deepak Kochhar and unidentified others was filed by the CBI

Sunil Bhuta, the Chief Financial Officer (CFO) of NuPower Renewables faced a CBI interrogation today. NuPower Renewable was founded by the husband of ICICI Bank CEO and MD Chanda Kochhar, in connection with Rs 3,250-crore loan from the bank to the Videocon Group in 2012. Bhuta is believed to be associated with the company since its inception. The official website of the company states that Bhuta has been "responsible for overall finance, accounts, audit and taxation function for NuPower since inception". The loan came under scanner after reports questioned it linking it to a possible quid pro quo that Videocon Group promoter Venugopal Dhoot allegedly had with NuPower Renewables, a company founded by Deepak Kochhar, Chanda Kochhar's husband. A preliminary enquiry against Videocon founder Venugopal Dhoot and Deepak Kochhar and unidentified others was filed by the CBI. CBI officials are in the process of studying relevant documents of the transaction. Deepak Kochhar along with others could be summoned for detailed questioning if any evidence of indicated wrongdoing surfaces. Earlier this month, the Central Bureau of Investigation had summoned Rajeev Kochhar's brother-in-law Mahesh Pugalia for interrogation in the ICICI Bank-Videocon case. Rajeev Kochhar is the brother-in-law of ICICI Bank CEO Chanda Kochhar. The CBI also called in Umanath Venkat Naik, the Director of NuPower Renewables, a joint venture between Videocon and Chanda Kochhar's husband, Deepak Kochhar. (With inputs from agencies)

ICICI-Videocon case: CBI questions CFO of NuPower Renewables

The Central Bureau of Investigation on Sunday (CBI) summoned Rajeev Kochhar's brother-in-law Mahesh Pugalia for interrogation in the ICICI Bank-Videocon case. Rajeev Kochhar is the brother-in-law of ICICI Bank CEO Chanda Kochhar.

The CBI also called in Umanath Venkat Naik, the Director of NuPower Renewables, a joint venture between Videocon and Chanda Kochhar's husband, Deepak Kochhar.

Pugalia, is reported as a close aide of Videocon Group chief Venugopal Dhoot.&nbsp;

Last month, Chanda Kochhar and her family members were allegedly named in a case where a loan was provided to the Videocon group on quid pro quo basis in 2012. Soon after, Indian Investors Protection Council Trustee Arvind Gupta said the evidence in the case pointed out that Chanda Kochhar was herself a beneficiary of the loan, and her husband Deepak Kochhar is an indirect beneficiary of the loan granted to Videocon.

"Venugopal Dhoot transferred money from the Videocon Group to Supreme Energy, in which he had 90 percent shares. He promoted it and later transferred it to Deepak Kochhar. Deepak Kochhar then transferred his shareholdings to Pinnacle Energy. Pinnacle Energy was a trust formed by Kochhar family. Now they are saying they sold their shares of NuPower Renewables much before. NuPower Renewables was a special purpose vehicle made to revert allegations in the future. ICICI never gave it a loan, but the company was benefited," Gupta told media.

The Income Tax (IT) department, last week, had sent a notice to NuPower Renewables, owned by Chanda Kochhar's husband. Meanwhile, the CBI also questioned few ICICI Bank officials as part of a preliminary inquiry to find if any quid pro quo was involved in the bank's issuance of the Rs. 3,250-crore loan to the Videocon Group in 2012.

(With inputs from agencies)&nbsp;

Mahesh Pugalia, is reported as a close aide of Videocon Group chief Venugopal Dhoot

The Central Bureau of Investigation on Sunday (CBI) summoned Rajeev Kochhar's brother-in-law Mahesh Pugalia for interrogation in the ICICI Bank-Videocon case. Rajeev Kochhar is the brother-in-law of ICICI Bank CEO Chanda Kochhar. The CBI also called in Umanath Venkat Naik, the Director of NuPower Renewables, a joint venture between Videocon and Chanda Kochhar's husband, Deepak Kochhar. Pugalia, is reported as a close aide of Videocon Group chief Venugopal Dhoot. Last month, Chanda Kochhar and her family members were allegedly named in a case where a loan was provided to the Videocon group on quid pro quo basis in 2012. Soon after, Indian Investors Protection Council Trustee Arvind Gupta said the evidence in the case pointed out that Chanda Kochhar was herself a beneficiary of the loan, and her husband Deepak Kochhar is an indirect beneficiary of the loan granted to Videocon. "Venugopal Dhoot transferred money from the Videocon Group to Supreme Energy, in which he had 90 percent shares. He promoted it and later transferred it to Deepak Kochhar. Deepak Kochhar then transferred his shareholdings to Pinnacle Energy. Pinnacle Energy was a trust formed by Kochhar family. Now they are saying they sold their shares of NuPower Renewables much before. NuPower Renewables was a special purpose vehicle made to revert allegations in the future. ICICI never gave it a loan, but the company was benefited," Gupta told media. The Income Tax (IT) department, last week, had sent a notice to NuPower Renewables, owned by Chanda Kochhar's husband. Meanwhile, the CBI also questioned few ICICI Bank officials as part of a preliminary inquiry to find if any quid pro quo was involved in the bank's issuance of the Rs. 3,250-crore loan to the Videocon Group in 2012. (With inputs from agencies)

ICICI-Videocon row: Rajeev Kochhar's brother-in-law summoned for investigation

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ICICI-Videocon case: CBI questions CFO of NuPower Renewables

ICICI-Videocon row: Rajeev Kochhar's brother-in-law summoned for investigation