The Enforcement Directorate (ED) has registered a criminal case of money laundering against former ICICI Bank CEO Chanda Kochhar, her husband Deepak Kochhar, Videocon Group promoter Venugopal Dhoot and others to probe alleged irregularities and corrupt practices in sanctioning of Rs 1,875-crore loans by the bank to the corporate group
Earlier it was alleged that Dhoot had invested in Deepak’s company Nupower through his firm Supreme Energy a quid pro quo to loans cleared by ICICI Bank after Chanda Kochhar took over as the CEO of the bank on May 1, 2009.
The ownership of Nupower and Supreme Energy changed hands through a complex web of shared transactions between Deepak Kochhar and Dhoot.
Companies of Deepak Kochhar
RT Research on Deepak Kocchar reveals that there are multiple companies associated with Kocchar Family.
Regtech Times conducts the research on heightened risk individuals in India. Research on Deepak Kochhar is available on verification. These research reports decrypt the universe of companies around Deepak Kochhar and are helpful for bankers and investors to understand the risk associated with the undisclosed potentially related parties.
| Company | Designation | Date of Appointment | Date of Cessation |
|---|---|---|---|
| NUPOWER TECHNOLOGIES PRIVATE LIMITED | Director | 03 January 2011 | 31 March 2016 |
| CITIUS POWER LIMITED | Director | 12 February 2007 | 24 March 2010 |
| CITIUS ENERGY LIMITED | Managing Director | 18 November 2005 | 24 March 2010 |
| QUALITY TECHNO ADVISORS PRIVATE LIMITED | Director | 10 June 2009 | 03 January 2014 |
| CREDENTIAL SECURITIES PRIVATE LIMITED | Director | 07 April 2009 | 15 November 2010 |
| CREDENTIAL EQUITIES PRIVATE LIMITED | Director | 12 September 1995 | 16 March 2007 |
| CREDENTIAL FINANCE LIMITED | Director | 10 December 1995 | 26 August 2009 |
