Banking sector giant Chanda Kochhar's rise and fall
1 year, 11 months ago

Banking sector giant Chanda Kochhar's rise and fall

India Today  

A Padma Bhushan awardee, pioneer of the retail banking revolution in the country, celebrity CEO and an icon for women, Chanda Kochhar has been a regular on the covers of Forbes and Fortune. She was instrumental in making ICICI Bank the country's biggest private sector lender. Chanda Kochhar was arrested by the Central Bureau of Investigation along with her husband Deepak in connection with the alleged cheating and irregularities in loans sanctioned by ICICI Bank to firms of the Videocon Group. Her stint at ICICI Bank ended abruptly in 2018 when she sought early retirement following allegations of corruption and quid pro-quo while granting loans to the now bankrupt Videocon Industries. Over the years, she came to define ICICI Bank until the announcement of her formal exit six months after allegations of impropriety first cropped up.

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History of this topic

Loan fraud case: Chanda Kochhar, her husband Deepak Kochhar released from jail
1 year, 11 months ago

Loan fraud case: Chanda Kochhar, her husband Deepak Kochhar released from jail

Firstpost  

Chanda Kochhar walked out of the Byculla women’s prison in Mumbai, while her husband was released from the Arthur Road jail, an official said Mumbai: Former ICICI Bank CEO and MD Chanda Kochhar and her husband Deepak Kochhar were released from jail on Tuesday morning, a day after the Bombay High Court granted them interim bail in a loan fraud …

Former ICICI Bank CEO Chanda Kochhar, husband Deepak granted bail in money laundering case
1 year, 11 months ago

Former ICICI Bank CEO Chanda Kochhar, husband Deepak granted bail in money laundering case

India TV News  

Former ICICI Bank CEO Chanda Kochhar and her husband Deepak Kochhar were granted bail in the Videocon loan fraud case by the Bombay High Court on Monday. The order was passed on petitions filed by Chanda Kochhar and her husband challenging their arrest by the CBI in connection with the bank loan case. The CBI had named Chanda Kochhar, Deepak …

What is ICICI Bank Loan Fraud Case? EXPLAINED as CBI Arrests Videocon's Venugopal Dhoot
1 year, 11 months ago

What is ICICI Bank Loan Fraud Case? EXPLAINED as CBI Arrests Videocon's Venugopal Dhoot

News 18  

The Central Bureau of Investigation has arrested Videocon Group’s Venugopal Dhoot in connection with the ICICI Bank loan fraud case. Deepak Kochhar’s NuPower Renewables received Rs 64 crore in funding from one of Venugopal Dhoot’s companies via unsecured fully convertible debentures, just weeks after the Videocon group received a Rs 3,250 crore loan from ICICI Bank. During Chanda Kochhar’s tenure …

ICICI-Videocon case: Bombay HC grants bail to Deepak Kochhar
3 years, 9 months ago

ICICI-Videocon case: Bombay HC grants bail to Deepak Kochhar

India Today  

The Bombay High Court on Thursday granted bail to Deepak Kochhar, husband of former ICICI Bank CEO Chanda Kochhar in connection with the ICICI Bank-Videocon money laundering case. Last year, the ED had registered the money laundering case following an FIR registered by the Central Bureau of Investigation against the Kochhar couple, Videocon Group promoter Venugopal Dhoot and others. Sources …

SC refuses to entertain Chanda Kochhar's plea against termination as ICICI Bank CEO
4 years ago

SC refuses to entertain Chanda Kochhar's plea against termination as ICICI Bank CEO

India Today  

The Supreme Court on Tuesday refused to entertain former ICICI Bank CEO and Managing Director Chanda Kochhar’s plea challenging a previous order passed by the Bombay High Court. Kochhar’s fresh petition challenged a Bombay High Court order from March 5 that dismissed her petition against termination, claiming that it was done under a private contract and cannot be challenged. The …

ICICI-Videocon case: Chanda Kochhar's husband Deepak arrested by ED
4 years, 3 months ago

ICICI-Videocon case: Chanda Kochhar's husband Deepak arrested by ED

India Today  

The Enforcement Directorate has arrested former ICICI Bank CEO Chanda Kochhar's husband Deepak Kochhar in the ICICI Bank-Videocon loan case. It has been alleged that Deepak Kochhar's firm -- NuPower Renewables -- received an investment of Rs 64 crore from Videocon Group and Rs 325 crore from Matix Fertilisers in 2010 soon after they were granted loans by the ICICI …

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