Videocon loan case: CBI registers FIR, raids offices of Deepak Kochhar, Venugopal Dhoot firms
New Delhi, Jan 24: The CBI has registered an FIR in connection with alleged irregularities in the Rs 3,250 crore ICICI Bank-Videocon loan case and is carrying out searches Thursday at the group headquarters in Mumbai and offices in Aurangabad, officials said.
The search operation started Thursday morning and also covered offices of Nupower, a company operated by ICICI Bank's former CEO Chanda Kochhar's husband Deepak Kochhar and Supreme Power, they said.
It is alleged that Videocon promoter Venugopal Dhoot allegedly invested crores of Rupees in Nupower months after the Videocon group got Rs 3,250 crore as loan from the ICICI Bank in 2012, they said.
The agency had registered a preliminary enquiry against Videocon promoter Venugopal Dhoot, Deepak Kochhar and unidentified others in March last year, they said.
A PE is a precursor before the agency lodges an FIR to probe criminal charges on the basis of evidence collected during the former exercise.
The agency has now converted it into an FIR which means a full blown investigation has been started by the agency after registration of a case.
The details of the FIR and names of the accused are awaited, they said.
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Karnataka to witness heavy rain for next 10 days
Bengaluru: The India Meteorological Department (IMD) has forecast that the southwest monsoon will cause heavy rainfall likely this weekend and will drench Karnataka over the next 10 days.
The monsoon has begun retreating from northwestern India. Conditions remain active over the south, with an upper air trough extending up to 1.5 km over North Interior Karnataka and northern Tamil Nadu, combined with weakening monsoon winds across the peninsula, is driving the current spell. N. Puviarasan, head of the IMD’s meteorological centre in Bengaluru, said in a conversation with Deccan Herald, “As a result, the whole of Karnataka will see rain over the next week to 10 days."
With a cyclone in the Pacific Ocean along with a low-pressure system over the north Bay of Bengal, the monsoon is expected to intensify during the next four days. IMD has predicted heavy rains across South Interior Karnataka, including Bengaluru, throughout the weekend.
Bengaluru, recorded widespread moderate to heavy rainfall on Thursday. Between 8.30 am and 8.30 pm, Bengaluru city logged 45.9 mm of rain accompanied by thunderstorms. HAL airport registered 6 mm and the Bengaluru Urban automatic station recorded 47.5 mm. Doddathoguru, near Electronics City, reported 55 mm.
According to IMD forecast heavy rainfall will occur at isolated places in Bengaluru Urban, Bengaluru Rural, Yadgir, Koppal, Raichur, Ramanagara and Mandya districts in the next few days.
The southwest monsoon is now expected to extend until mid-October and with little or no break in between, the northeast monsoon is likely to follow immediately. These are expected to last until December. “There may be no break in between,” Puviarasan said.
