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The Central Bureau of Investigation officer who was investigating the ICICI Bank-Videocon case against former ICICI Bank former MD and CEO Chanda Kochhar, her husband Deepak Kochhar and Videocon chief Venugopal Dhoot was transferred a day after he signed the first information report.
According to media reports, Sudhanshu Dhar Mishra had been transferred to the agency's Economic Offences branch in Ranchi and a detailed inquiry will be held on the matter.
As per reports by NDTV, Sources in the CBI told that there was a suspicion that the officer was delaying the case and an investigation was launched against him on January 22, a day before the case against the Kochhars was filed.
Immediately after registration of the case, searches were to be conducted. There was however suspicion, that information about the searches were being leaked. The searches were finally conducted under the supervision of another officer, Mohit Gupta.
Dhar had signed the FIR against Chanda Kochhar, Deepak Kochhar, and others in the ICICI-Videocon case on January 22. On January 24, the three were booked by CBI two days later.
Shortly after Finance Minister Arun Jaitley on a Facebook post targeting at the investigative agency suggesting the move was “investigative adventurism” and a “journey to nowhere”. The very next day Jaitley’s comments were retweeted by Union Ministers Nirmala Sitharaman and Piyush Goyal.
The cheating case consists of allegations that on 26 August 2009, a loan of Rs 300 crore was sanctioned to a Mumbai based private company in contravention of the rules and policy by the sanctioning committee.
The allegations further said that Kochhar, then the MD and CEO of ICICI Bank, being the head of the sanctioning committee, abused her official position to sanction the loan in favor of the said Mumbai-based private company.
Kochhar quit ICICI on October 4 after the allegations were levied against her. CBI filed a case against the three and others after conducting raids at several places in Maharashtra.
The investigation revealed that from June 2009 to October 2011, the private lender gave six high-value loans to Videocon group. Kocchar was appointed by ICICI on May 1, 2009.
Deepak Kochhar-owned Nupower Renewables Limited (NRL) and M/S Supreme Energy Private Limited (SEPL) were also named in the case filed by CBI. SEPL was allegedly owned by Dhoot originally but was later acquired by Pinnacle Energy Trust (PET), another company owned by Deepak Kocchar.