MCA report sheds light on Videocon case, raises question on Rs 64 crore transaction
  • WebDesk BTVI
  • Apr 23 2019

A report by the Ministry of Corporate Affairs (MCA), which is probing the Videocon case, raises questions on transactions between Videocon and Deepak Kochhar. As per the report, Rs 64 crore was transferred from Videocon to NuPower, which is owned by Deepak Kochhar. The transaction was made through various layers using several companies as well as Supreme, another Deepak Kochhar-owned firm. The transaction took 3 years, from 2009 to 2012, to complete.