Officer who filed FIR against ICICI’s Chanda Kochhar transferred two days before Jaitley’s public criticism.
Sudhanshu Dhar Mishra, an SP-rank police official of CBI’s Banking and Securities Fraud Cell (BSFC) was the investigating officer in the ICICI CEO Chanda Kochhar case. He had filed FIR against Chanda Kochhar, former CEO of ICICI Bank, his husband Deepak and MD of Videocon Group, Venugopal Dhoot, on January 22.
When it was found in the confidential investigation that the official was leaking information related to the investigation, the CBI transferred Mishra to Ranchi.
Officials gave information on Sunday in this regard.
He said that the matter has been given to the new investigating officer Mohit Gupta. Justifying the transfer, the CBI has blamed Mishra for keeping the initial investigation (PE) unnecessarily pending. Officials said that initial scrutiny was made faster after review some time ago and it was converted into a regular case. The investigation started immediately after the case was registered.
Officials claimed that Mishra was suspected to leak the information about the search. He said that confidential investigation was conducted and doubts about the role of Sudhanshu Dhar Mishra. Therefore, he was transferred in view of the seriousness of the matter.
Union Minister Arun Jaitley had questioned this FIR. He had tweeted, “The basic difference between the professional investigation and the audacity of the investigation is the difference. Sitting thousands of kilometers. When I read a list of potential targets in the ICICI case, the only thing comes to mind that instead of focusing on the goal, why is the path of endless journey chosen? If we start to involve everyone from the banking industry without any evidence, then what are we going to achieve with this, or actually damaging the damage? “
My advice to our investigators avoid adventurism and follow the advice given to Arjun in the Mahabharata Just concentrate on the bulls eye.
Arun Jaitley (@arunjaitley) January 25, 2019
CBI maintains that the former CEO and MD of ICICI Bank, Chanda Kochhar got “illegal gratification” through her husband from Videocon Group/Venugopal Dhoot for sanctioning the loan. According to the agency, Videocon was given loans after Chanda Kochhar took charge as MD-CEO of ICICI Bank on May 1, 2009. She herself was in a sanctioning committee which approved a loan of Rs 300 crores to Videocon International Electronics Ltd (VIEL) & Rs 750 crore to Videocon Industries Ltd (VIL).
“In all, ICICI Bank sanctioned 6 high-value loans to various Videocon companies between June 2009 and October 2011 when Chanda Kochhar was MD-CEO of the bank,” said a CBI source. According to the FIR, total loans of Rs 1,575 crore given by ICICI Bank to the Videocon group had turned non-performing assets (NPA).