- Search results for Chanda Kochhar
Chanda Kochhar, former MD and CEO of ICICI Bank, is going down in the history of Indian banking in devastating style.
Clawing back Kochhar’s bonuses and stock options can’t absolve the directors, whose about-face has come far too late.
One of the reasons why our conviction rates are poor is that adventurism and megalomania overtakes our investigators and professionalism takes a back seat,” Jaitley wrote.
On Thursday, the CBI filed an FIR against former ICICI Bank chief Chanda Kochhar, her husband in a Rs 3,250-crore loan involving the Videocon Group.
Sudhanshu Dhar Mishra, who was Superintendent of Police (SP) of Banking and Securities Fraud Cell of CBI, Delhi, was transferred to CBI’s Economic Offences Branch in Ranchi, Jharkhand.
The Central Bureau of Investigation (CBI) on Thursday filed a case of criminal conspiracy and fraud against the Chanda Kochhar and her husband Deepak Kochhar.
It is alleged that Videocon promoter invested crores of Rupees in Nupower, a company managed by Kochhar and her husband, months after the Videocon group got Rs 3,250 crore as loan from ICICI.
There are allegations of involvement of former ICICI Bank chief Chanda Kochhar and her family members in a loan provided to Videocon Group on a quid pro quo basis.
This ends the bank’s uncertainty after its former MD Chanda Kochhar came under investigation for alleged nepotism and conflict of interest, and her eventual resignation early this month.
After the resignation of Chanda Kochhar, who was facing an inquiry, earlier this month, the bank's board had elevated Chief Operating Officer (COO) Bakshi as the new MD and CEO.