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  India   All India  19 Apr 2018  CBI quizzes CFO of NuPower Renewables

CBI quizzes CFO of NuPower Renewables

THE ASIAN AGE.
Published : Apr 19, 2018, 2:18 am IST
Updated : Apr 19, 2018, 2:18 am IST

Sources said Bhuta, who has been associated with NuPower Renewables since its inception, was questioned at the agency headquarters here.

Chanda Kochhar
 Chanda Kochhar

New Delhi: The CBI on Wednesday questioned Sunil Bhuta, the chief financial officer (CFO) of NuPower Renewables, a company founded by the husband of ICICI Bank CEO and MD Chanda Kochhar, in connection with a Rs 3,250-crore loan from the bank to the Videocon Group in 2012.

Sources said Bhuta, who has been associated with NuPower Renewables since its inception, was questioned at the agency headquarters here.

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. The CBI has registered a preliminary enquiry against Videocon founder Venugopal Dhoot and Deepak Kochhar and unidentified others, they said.

Tags: nupower renewables, chanda kochhar, deepak kochhar