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Three of the Kochhars were also directors on the company's board in 1995, when it was founded, though it's not clear if Videocon held a stake in the company at that time.
Former ICICI Bank CEO Chanda Kochhar's brother-in-law Rajiv Kochhar, Wednesday moved a Delhi court seeking cancellation of look out circular (LOC) against him in an alleged bank loan fraud and money laundering case.
It is said that if you dress cronyism as a favour, then you wind up on skid row. Equally, sorrows dont come individually but in battalions. The tale of Chanda Kochhar and her husband Deepak intertwining their fate and destiny with Videocons Venugopal Dhoot leaves behind in its wake a smoking gun which refuses to go away from the scene of the crime.
They have been questioned in the past too at the agency's office in Mumbai after the central agency conducted raids in this case on March 1.
The first Credential Finance Ltd (CFL) was birthed on January 23, 1985 as Bloomfield Builders & Construction at Mumbai RoC (Registrar of Companies) with registration No. 035149. By 1994, it fell into the hands of the Kochhars, who renamed it Credential Finance Ltd.
Watch Varun Dhawan and Shraddha Kapoor rehearsing for Street Dancer- Video going viral.
The ED had registered a case of money laundering in February on the basis of a CBI FIR. In January, the CBI had raided four locations in Mumbai related to the case.
The officials said the agency would probe if alleged kickbacks generated in the loan deal were laundered to create tainted assets.
The enquiry report submitted by Justice (Retd) B N Srikrishna Wednesday concluded that there was lack of diligence with respect to annual disclosures and violation of code of conduct, on her part.
An agency source said that Mishra, a Superintendent of Police in Central Bureau of Investigation (CBI) and was part of the Banking and Securities Fraud Cell (BSFC), was transferred to the agency's Economic Offences wing on January 23.
On Thursday, the investigative agency carried out searches at multiple locations after registering a case.
The CBI registered the preliminary enquiry after news reports raised questions about Videocon Chairman Venugopal Dhoot allegedly providing crores of rupees to a firm promoted by Deepak Kochhar.
'Operation cow' in MP on the lines of UP
Launched in 2018, the togetU app has crossed over 10 million downloads on Google playstore.
Ujjain district hospital civil surgeon is landed in soup after a video purportedly showing him getting intimate with a woman, believed to be a nurse, in an operation theatre has gone viral on social media.
For the study, the researchers examined over 2,000 video blogs, or vlogs on YouTube.
Watch top 5 viral news in India TV's program 'Video Top 5'.
China bus accident: Fight between bus driver and passenger caused tragedy, reveals video footage
The prime minister will be launching the 'Main Nahin Hum' portal and mobile application.
Google-owned YouTube has announced an investment of $20 million in educational content and creators to expand its initiative to support people across the world in sharing knowledge and pursuing learning on the platform.
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