Updated On: 29 December, 2022 06:14 AM IST | Mumbai | Faizan Khan
Denies quid pro quo allegations; court extends CBI custody

On Wednesday, the CBI produced the Kochhars and Videocon Group chairman Venugopal Dhoot before the court. File pic
Former ICICI Bank Managing Director and CEO Chanda Kochhar has told the Central Bureau of Investigation (CBI) that she had never intervened in her husband’s business and had no idea about money transferred by the Videocon Group to her husband’s firm a day after securing a loan from ICICI Bank. She also claimed that it was a genuine investment by the Videocon Group and denied any quid pro quo allegations.
The special court, meanwhile, extended the CBI’s custody of Chanda Kochhar, her husband Deepak Kochhar and Videocon Group chairman Venugopal Dhoot by a day as the agency claimed that it did not get sufficient time to confront them together. During the interrogation, the CBI questioned the accused about a Rs 64 crore loan that was transferred from Videocon International to Deepak Kochhar's company NuPower Renewables Pvt Ltd (NRL) a day after Videocon received a loan of Rs 300 crore from the ICICI Bank during Chanda Kochhar’s tenure.