2. Company Involved -
• Videocon group
• NuPower Renewable Private ltd.
• Supreme Energy Pvt. Ltd.
• Pacific Capital
• Pinnacle Energy Trust
3.
4. Facts :
• 2012 – a consortium of 20 banks led by SBI
provide loan to Videocon group of Rs. 40,000
crore
• Out of which, ICICI bank provide 3250 crore
and in 2017, 2810 crore has declared as NPA
5. Questions which the bank hasn’t provided
clear answers
• Was ICICI Bank boss Chanda Kochhar aware about
her husband Deepak Kochhar’s joint venture with
Dhoot when the company’s loan proposal came to the
bank?
• Was the 12-member ICICI Bank credit committee,
which decided in favor of the Videocon loan, and
the lender's board aware about the Kochhar-Dhoot
connection?
6. • If yes, why didn’t Kochhar recuse herself from a credit
committee that decided on a loan to the Videocon Group
in 2012?
• One of the 5 companies in the Videocon group , Evans
Fraser which was co – obligor to the ICICI bank loan in
2012, had net sales of 75 crores in 2011 & net profit of 94
lakh
• There was 650 crore loan sanctioned against the collateral
of Evans Fraser which was close to 9 times its total sales
8. ICICI Bank Statement :
“ICICI Bank was not the lead bank for this consortium
and the bank only sanctioned its share of facilities
aggregating approximately Rs 3,250 crore which was
less than 10 per cent of the total consortium facility in
April 2012,"
