Home / Industry / Banking /  Delay in ICICI Bank probe led to CBI investigator’s transfer

New Delhi:Cracking the delay in the ICICI Bank-Videocon case, the Central Bureau of Investigation has confirmed that the investigating officer in the matter – Sudhanshu Dhar Mishra – has been transferred, a day after he signed the First Information Report (FIR) against former ICICI boss Chanda Kochhar, for allegedly causing delay in the probe.

With nearly a year long lag between the agency filing a preliminary enquiry (PE) in the matter and the registration of the FIR, persons familiar with the development stated that the “delay had been caused because of critical information being leaked to the Kochhars."

Sudhanshu Dhar Mishra, who worked in the New Delhi unit of the agency’s bank security and frauds cell, registered the complaint in the ICICI-Videocon loan controversy case on January 22.

According to a CBI order, Mishra was transferred and replaced with another officer, Biswajit Das, the very next day on January 23.

The CBI on Thursday booked former ICICI Bank Ltd chief executive Chanda Kochhar, her husband Deepak Kochhar and Videocon group managing director Venugopal Dhoot for criminal conspiracy and cheating.

CBI had registered a preliminary enquiry against Deepak Kochhar and Dhoot in March 2018 to investigate irregularities in the 40,000 crore loan made by a consortium of lenders to the Videocon group. It also pointed to an alleged conflict of interest in a 3,250 crore loan made to the Videocon group by ICICI Bank.

On Friday, Union Minister Arun Jaitley hit out at the probe agency for its “investigative adventurism."

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