Page 7 - Icici Videocon Loan Case
Disclose majority shareholder's real identity: Whistleblower to Nupower
NuPower Renewables -- the company founded by ICICI Bank CEO Chanda Kochhar's husband Deepak Kochhar -- must disclose the real identity of its majority shareholder DH Renewables Holding Ltd of Mauritius, whistle-blower Arvind Gupta has demanded, alleging masked share transfers. Videocon Group chairman Venugopal Dhoot is said to have invested in NuPower Renewables Pvt Ltd and extended Rs 64-crore loan after Videocon secured a loan from a consortium of banks that included ICICI. Gupta, who identifies himself as an informed and vigilant investor owning shares both in ICICI Bank and Videocon Industries, alleged that NuPower Renewables was a 50:50 joint venture of Deepak Virendra Kochhar and Dhoots when founded in 2008. Subsequently, "masked" share transfers were done to a trust called Pinnacle Energy, whose trustee is Deepak Kochhar, after Chanda Kochhar became the managing director and chief executive officer (MD&CEO) of ICICI Bank in May 2009. Gupta said the data he has gathered from
 "Disclose majority shareholder's real identity: Whistleblower to Nupower")
Was invite withdrawn for 'Guest of Honour' Kochhar at President's event?
The revised list sent out today did not carry her name; she was to be felicitated by Kovind
 "Was invite withdrawn for 'Guest of Honour' Kochhar at President's event?")
Rs 32.5-bn Videocon bank loan case: I-T issues notice to Deepak Kochhar
Few more notices have been sent to the people associated with the firm
 "Rs 32.5-bn Videocon bank loan case: I-T issues notice to Deepak Kochhar")
Videocon loan case: Income tax department issues notice to Deepak Kochhar
The notice was issued under Section 131 of the Income Tax Act, which allows authorities to conduct inquiries and summon assessees
 "Videocon loan case: Income tax department issues notice to Deepak Kochhar")
