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After CBI to inquire, Videocon chairman had this to say on loan

issue has come haunting the lady banker even as the ICICI bank stood firmly by her side

After Central Bureau of Investigation (CBI) registered a Preliminary Enquiry into the loan from ICICI Bank to the Videocon Group, the chairmanVenugopal Dhoot has clarified that he is acquainted with all the 12 people in the committee that cleared loan to his company.

He said that mere acquaintance does not imply that the loan was given with some other intent.

It is alleged that there has been quid pro quo between Videocon Group and the bank’s chief executive officer (CEO) Chanda Kochhar as well as her family members with respect to extending a loan worth Rs3,250 crore.

The issue has come haunting the lady banker even as the ICICI bank stood firmly by her side.

According to the allegations, the Videocon Group pumped money into NuPower Renewables, a firm owned by Deepak Kochhar (husband of Chanda Kochhar).

He also expressed confidence that the enquiry would only clear what he knows to be the truth.

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