ICICI-Videocon deal probe : Rajiv Kochchar questioned by CBI for third day
New Delhi, Apr 7 (IBNS) : Central Bureau of Investigation (CBI) officers are quizzing Rajiv Kochhar, brother-in-law of Chanda Kochhar, for the third consecutive day in connection with a Preliminary Enquiry (PE) into the Rs3,250 crore bank loan granted by ICICI to Videocon Group in 2012.
According to media reports, Kochhar arrived at the agency’s Mumbai headquarter at the Bandra Kurla Complex (BKC) at 11.30 am on Saturday.
The reports quoted sources as saying that the third day of questioning will concentrate on his company Avista Advisory and the loan granted by ICICI to Videocon.
On Thursday, Kochhar was stopped by the immigration authority at Chhatrapati Shivaji Maharaj International Airport (CSIA) in Mumbai while he was about to board a flight to Singapore. Kochhar was then brought to the agency’s headquarter in Mumbai and examined till late evening.
The agency is probing the allegation of alleged ‘quid-pro-quo’ in the loan granted to Videocon by ICICI whose CEO and MD is Chanda Kochhar. A Preliminary Enquiry (PE) into the case is already registered by the Delhi unit of the CBI.
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