{"id":263580,"date":"2019-03-12T05:30:18","date_gmt":"2019-03-12T05:30:18","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=263580"},"modified":"2019-03-12T05:30:18","modified_gmt":"2019-03-12T05:30:18","slug":"icici-videocon-loan-case-deepak-kochhar-may-be-probed-for-benami-assets","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/icici-videocon-loan-case-deepak-kochhar-may-be-probed-for-benami-assets\/","title":{"rendered":"ICICI-Videocon loan case: Deepak Kochhar may be probed for benami assets"},"content":{"rendered":"<p>Nothing concrete has been found to establish tax evasion against Deepak Kochhar\u2019s NuPower Renewables in the income-tax (I-T) department&#8217;s preliminary probe into the ICICI Bank-Videocon loan case. <\/p>\n<p>However, tax sleuths are thinking of investigating some of his properties under the Benami Transactions (Prohibition) Act. <\/p>\n<p>In April last year, the tax authorities had questioned former ICICI Bank chief executive officer Chanda Koch\u00adhar\u2019s husband, Deepak Koc\u00adhhar, over a Rs 405 crore investment by Singapore-based Accion Diversified Strategies Fund (ADSF) thro\u00adugh its Mauritius subsidiary DH Renewables Holding. <\/p>\n<p>\u201cThe transactions have been carried out in the guise of loans and other business transactions and hence prima facie no incriminating tax evasion angle has been identified,&#8221; said an official in the know, adding that the probe findings did indicate money laundering and possibilities of round tripping, he added.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Nothing concrete has been found to establish tax evasion against Deepak Kochhar\u2019s NuPower Renewables in the income-tax (I-T) department&#8217;s preliminary probe into the ICICI Bank-Videocon loan case. However, tax sleuths are thinking of investigating some of his properties under the Benami Transactions (Prohibition) Act. In April last year, the tax authorities had questioned former ICICI Bank chief executive officer Chanda Koch\u00adhar\u2019s husband, Deepak Koc\u00adhhar, over a Rs 405 crore investment by Singapore-based Accion Diversified Strategies Fund (ADSF) thro\u00adugh its Mauritius subsidiary DH Renewables Holding. \u201cThe transactions have been carried out in the guise of loans and other business transactions and [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,232],"tags":[],"class_list":["post-263580","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/263580","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=263580"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/263580\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=263580"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=263580"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=263580"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}