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The ED had earlier began a probe after registering a criminal case against the trio for alleged irregularities and corrupt practices in sanctioning a Rs 1,875-crore loan by the bank.
ICICI Bank had produced a computer-generated accounts statement in support of its claim. But the Debt Recovery Tribunal rejected the statement on the ground that it lacked necessary certificate.
The company said it has signed agreements with Axis Bank, HDFC Bank, ICICI Bank, Kotak Mahindra Bank and Yes Bank.
The CEOs of mutual fund houses Birla MF, ICICI MF, HDFC MF, Reliance MF have been summoned by a Sebi member.
Other cases under special scrutiny include multi-crore PNB fraud case, AgustaWestland chopper deal, business tycoon Vijay Mallya loan fraud, and INX Media case.
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.
The agency officials were of the view that findings of its preliminary enquiry indicated that Kochhar had colluded with VN Dhoot of Videocon Group in clearing the loans.
On a standalone basis, net income slipped to Rs 1,604 crore from Rs 1,650 crore a year ago. The major reason for a thinner bottomline is higher provisions along with a poor show by most of its subsidi
The enquiry report submitted by Justice (Retd) B N Srikrishna Wednesday concluded that there was lack of diligence with respect to annual disclosures and violation of code of conduct, on her part.