The Ministry of Corporate Affairs has started inspection of NuPower Renewables and five other companies linked to the ICICI Bank controversy, Union Minister P P Chaudhary said on Wednesday. Multiple agencies are probing the alleged lapses involving ICICI Bank's MD and CEO Chanda Kochhar and her family members.
The lender is also carrying out an independent probe into allegations of 'conflict of interest' and 'quid pro quo' in Kochhar's dealing with certain borrowers. Chaudhary said the ministry ordered inspection under Section 206(5) of the Companies Act, 2013 on April 23, 2018 with respect to six companies linked to the ICICI Bank controversy. The inspection is with regard to "six companies, including the company namely NuPower Renewables Pvt Ltd and the matter is under progress," he told PTI in an interview. The minister of state for corporate affairs also said the Regional Director (Western Region) under the ministry is carrying out the inspection.
No comments:
Post a Comment