New Delhi: The Central Bureau of Investigation has registered a case against the then MD & CEO of ICICI Bank; two Managing Directors of separate private companies based at Mumbai (Deepak Kochhar, Husband of Chanda Kochaar and Videocon group boss Venugopal Dhoot ; four Mumbai based private companies and other unknown private persons & unknown public servants U/s 120-B r/w 420 of IPC read with Section 7, Section 13(2) r/w 13(1)(d) of PC Act.
It was alleged that on 26 August 2009, a loan of Rs.300 crore was sanctioned to a Mumbai based private company in contravention of the rules and policy by the sanctioning committee. It was further alleged that Chanda Kochhar, the then MD & CEO, ICICI Bank, being the head of the sanctioning committee, who in criminal conspiracy with other accused to cheat ICICI Bank, dishonestly and by abusing her official position sanctioned this loan in favour of said Mumbai based private company. The said loan was disbursed by ICICI Bank on 7 September 2009. On the very next day the MD of said group of companies transferred Rs.64 crore to his other company which was further transferred on the same day to one other company which was managed by the MD of this private company based in Mumbai (husband of then MD & CEO of ICICI Bank). After transferring the funds to his company, the MD of Mumbai based group of private companies also transferred the control of this company to a Trust managed by the MD of the other private company based in Mumbai (husband of then MD & CEO of ICICI Bank), as Managing Trustee.
During June 2009 to October 2011, another 5 loans amounting to Rs.1575 crore were also sanctioned to said group companies by various sanctioning committees of ICICI Bank in violation of Credit Policy of the bank. Existing outstanding in the accounts of these private group companies were adjusted in Rupee Term Loan of Rs.1730 crore sanctioned by ICICI Bank under refinance of domestic debt under consortium arrangement on 26 April 2012. The account of Mumbai based private company and its group companies were declared NPA w.e.f. 30 June 2017.
Searches were being conducted today at 4 places in Mumbai and Aurangabad.