I-T dept questions Deepak Kochhar twice in 3 days, brother Rajiv next
Deepak Kochhar is the co-founder and CEO of NuPower Renewables.(Photograph: Enterprise Right this moment)
- I-T dept seeks to look at monetary investments made by Deepak Kochhar.
- Deepak Kochhar has not submitted all paperwork: sources in I-T dept.
- Rajiv Kochhar will likely be summoned subsequent week.
The Earnings Tax Division has concluded two extra rounds of questioning Deepak Kochhar in reference to the ICICI Financial institution mortgage case.
Deepak Kochhar, husband of ICICI Financial institution CEO and MD Chanda Kochhar and founding father of NuPower Renewables Pvt Ltd, was current earlier than a Mumbai investigation wing of I-T division on Monday and Tuesday.
Kochhar’s statements have been recorded for 3 steady days (together with final Friday).
The probe has sought to look at monetary investments Deepak Kochhar made in his particular person capability and any try of tax evasion.
“Deepak Kochhar has not submitted full paperwork of Mauritius-based firms, DH Renewables Holdings and Firstland Holdings,” I-T division sources stated.
“Deepak has not defined the construction and supply of funds from Mauritius-based firms to Indian NuPower Renewable Restricted. A number of queries remained unanswered until now,” the sources added.
As per sources within the I-T division, Rajiv Kochhar – Deepak’s brother who was summoned a month again – is more likely to happen subsequent week.
“We had determined to query Deepak Kochhar first after which Rajiv,” sources in to I-T division stated.
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