MUMBAI/NEW DELHI: The I-T Department on Tuesday wondered Videocon staff promoter Venugopal Dhoot in connection with its tax evasion probe connected to the Videocon-ICICI Bank loan case, officers mentioned.
They mentioned Dhoot seemed earlier than the designated probe officer at the I-T department place of work in Mumbai after he was issued summons to enroll in the investigation. He was wondered for roughly four hours, they mentioned.
The case pertains to an alleged tax evasion attitude in the ICICI Bank issuing a Rs three,250 crore loan to the Videocon Group in 2012. The department had earlier wondered Deepak Kochhar, husband of ICICI bank MD and CEO Chanda Kochhar, in the case. Last week, it also carried out searches at a couple of places connected to Nishant Kanodia, son-in-law of Essar staff co-founder Ravi Ruia, in this case to probe the glide of budget through his Mauritius-based corporate into the firm of Deepak Kochhar.
The I-T department is investigating the glide of about Rs 325 crore from two Mauritius-based companies - First Land Holding and DH Renewables Holding - to Kochhar's corporate NuPower Renewables. The taxman could also be analysing the character of activities of NuPower Renewables between 2010-11 and 2015-16 as a part of the probe. CBI is engaging in a initial enquiry in this loan case and has named Deepak Kochhar in it.
The CBI probe goals to find out if there was any quid professional quo involved in the bank issuing a Rs three,250 crore loan to the Videocon Group in 2012. The deal had made news after reviews wondered the loan and connected it to a possible quid professional quo that Dhoot allegedly had with NuPower Renewables, an organization based by way of Deepak Kochchar. AGENCIES
They mentioned Dhoot seemed earlier than the designated probe officer at the I-T department place of work in Mumbai after he was issued summons to enroll in the investigation. He was wondered for roughly four hours, they mentioned.
The case pertains to an alleged tax evasion attitude in the ICICI Bank issuing a Rs three,250 crore loan to the Videocon Group in 2012. The department had earlier wondered Deepak Kochhar, husband of ICICI bank MD and CEO Chanda Kochhar, in the case. Last week, it also carried out searches at a couple of places connected to Nishant Kanodia, son-in-law of Essar staff co-founder Ravi Ruia, in this case to probe the glide of budget through his Mauritius-based corporate into the firm of Deepak Kochhar.
The I-T department is investigating the glide of about Rs 325 crore from two Mauritius-based companies - First Land Holding and DH Renewables Holding - to Kochhar's corporate NuPower Renewables. The taxman could also be analysing the character of activities of NuPower Renewables between 2010-11 and 2015-16 as a part of the probe. CBI is engaging in a initial enquiry in this loan case and has named Deepak Kochhar in it.
The CBI probe goals to find out if there was any quid professional quo involved in the bank issuing a Rs three,250 crore loan to the Videocon Group in 2012. The deal had made news after reviews wondered the loan and connected it to a possible quid professional quo that Dhoot allegedly had with NuPower Renewables, an organization based by way of Deepak Kochchar. AGENCIES
Income Tax department questions Venugopal Dhoot in ICICI Bank loan case
![Income Tax department questions Venugopal Dhoot in ICICI Bank loan case]()
Reviewed by Kailash
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May 16, 2018
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