MUMBAI/NEW DELHI: The Income Tax Department as of late wondered Videocon workforce promoter Venugopal Dhoot in reference to its tax evasion probe connected to the Videocon-ICICI Bank mortgage case, officers mentioned.
They mentioned Dhoot seemed earlier than the designated probe officer at the I-T division workplace in Mumbai after he was once issued summons to join the investigation.
He was once wondered for roughly 4 hours, they mentioned.
The case relates to a imaginable and alleged tax evasion perspective in ICICI Bank issuing a Rs 3,250 crore mortgage to the Videocon Group in 2012.
The division had previous wondered Deepak Kochhar, husband of ICICI Bank MD and CEO Chanda Kochhar, in the case.
Last week, it had also conducted searches at more than one locations connected to Nishant Kanodia, son-in-law of Essar workforce co-founder Ravi Ruia, on this case to probe the glide of funds through his Mauritius-based corporate into the firm of Deepak Kochhar.
The I-T division is investigating the glide of about Rs 325 crore from two Mauritius-based firms- First Land Holding Limited and DH Renewables Holding Limited- to Kochhar's corporate NuPower Renewables Private Ltd.
The taxman is also analysing the character of activities of NuPower Renewables between 2010-11 and 2015-16 as part of the probe.
The CBI is undertaking a initial enquiry on this mortgage case and has named Deepak Kochhar in it.
The CBI probe aims to determine if there was once any quid pro quo involved in the financial institution issuing a Rs 3,250 crore mortgage to the Videocon Group in 2012.
The deal had made information after experiences wondered the mortgage and connected it to a imaginable quid pro quo that Videocon workforce promoter Venugopal Dhoot allegedly had with NuPower Renewables, a company founded via Deepak Kochchar.
They mentioned Dhoot seemed earlier than the designated probe officer at the I-T division workplace in Mumbai after he was once issued summons to join the investigation.
He was once wondered for roughly 4 hours, they mentioned.
The case relates to a imaginable and alleged tax evasion perspective in ICICI Bank issuing a Rs 3,250 crore mortgage to the Videocon Group in 2012.
The division had previous wondered Deepak Kochhar, husband of ICICI Bank MD and CEO Chanda Kochhar, in the case.
Last week, it had also conducted searches at more than one locations connected to Nishant Kanodia, son-in-law of Essar workforce co-founder Ravi Ruia, on this case to probe the glide of funds through his Mauritius-based corporate into the firm of Deepak Kochhar.
The I-T division is investigating the glide of about Rs 325 crore from two Mauritius-based firms- First Land Holding Limited and DH Renewables Holding Limited- to Kochhar's corporate NuPower Renewables Private Ltd.
The taxman is also analysing the character of activities of NuPower Renewables between 2010-11 and 2015-16 as part of the probe.
The CBI is undertaking a initial enquiry on this mortgage case and has named Deepak Kochhar in it.
The CBI probe aims to determine if there was once any quid pro quo involved in the financial institution issuing a Rs 3,250 crore mortgage to the Videocon Group in 2012.
The deal had made information after experiences wondered the mortgage and connected it to a imaginable quid pro quo that Videocon workforce promoter Venugopal Dhoot allegedly had with NuPower Renewables, a company founded via Deepak Kochchar.
ICICI Bank-Videocon loan case: I-T dept questions Venugopal Dhoot
![ICICI Bank-Videocon loan case: I-T dept questions Venugopal Dhoot]()
Reviewed by Kailash
on
May 16, 2018
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