Videocon loan case: ICICI Bank sanctioned Rs 650 cr loan against Dhoot’s group company that had a turnover of just Rs 75 cr
6 years, 11 months ago

Videocon loan case: ICICI Bank sanctioned Rs 650 cr loan against Dhoot’s group company that had a turnover of just Rs 75 cr

Firstpost  

One of the five companies in the Videocon Group, Evans Fraser & Company India Limited, which received a Rs 650 crore loan from ICICI Bank in 2012, had net sales of just Rs 75 crore reported in 2011 and net profit of Rs 94 lakh One of the five companies in the Videocon Group, Evans Fraser & Company India Limited, which was a co-obligor to the ICICI Bank loan in 2012, had net sales of just Rs 75 crore in 2011 and a net profit of Rs 94 lakh, according to data from the Registrar of Companies accessed by Firstpost. Gupta then linked those transactions to a 2012 loan worth Rs 3250 crore from ICICI Bank to the Videocon Group, and termed as a possible quid-pro-quo deal. Trend Electronics Year Dec-2010 Dec-2011 Value Industries Year Dec-2010 Dec-2011 KAIL Year Jun-2010 Jun-2011 Century Appliances Year Jun-2010 Jun-2011 Evans Fraser & Company Year Mar-2010 Mar-2011 Figures in Rs crore; Source: Company annual reports, RoC According to a senior banker whose bank was part of the consortium, these loans were rolled into the consortium loan later. ICICI Bank’s loan transaction to the Videocon Group happened in 2012, when the bank joined a consortium led by the State Bank of India that lent Rs 40,000 crore to the Videocon Group.

Loan Company Crore Gupta Icici Icici Bank Roc Videocon Npa Firstpost Group Companies Net Sales Dhoot Venugopal Dhoot Videocon Group Videocon Industries Trend Electronics Rs 650 Crore Bank Sanctioned Company India Limited 12 Mths Value Industries Evans Fraser  rs  group  companies  12  mths  loan  crore  company  bank  sanctioned  videocon  dhoots  turnover  cr  icici

History of this topic

Why ICICI Bank is going slow on personal loans
2 months ago

Why ICICI Bank is going slow on personal loans

Live Mint  

Mumbai: In a quarter of otherwise stable financials, ICICI Bank Ltd was unable to completely avoid the impact of asset quality woes plaguing India’s banking sector. Of ICICI Bank's gross loan slippages of ₹6,085 crore in the December quarter, ₹5,304 crore were retail and rural loan slippages, including ₹714 crore from the kisan credit card portfolio. “Our retail portfolio is …

ICICI Bank Q3 Update: India’s second-largest private bank to declare Oct-Dec quarter results on THIS date
3 months ago

ICICI Bank Q3 Update: India’s second-largest private bank to declare Oct-Dec quarter results on THIS date

Live Mint  

ICICI Bank Q3 Update: ICICI Bank announced on Tuesday, December 24, that it will conduct its board meeting on Saturday, January 25 to consider its upcoming October-December quarter results for the current fiscal. ICICI Bank Q2 Results ICICI Bank’s core net interest income rose by 9.5 per cent YoY to ₹20,048 crore in the July-September quarter of 2024-25, driven by …

ICICI Bank shares climb nearly 5 pc after Q4 earnings; mcap soars by ₹36,555.4 crore
10 months, 4 weeks ago

ICICI Bank shares climb nearly 5 pc after Q4 earnings; mcap soars by ₹36,555.4 crore

Hindustan Times  

New Delhi, Shares of ICICI Bank on Monday climbed nearly 5 per cent after the company's March quarter consolidated net profit grew 18.5 per cent to ₹11,672 crore, helped by lower provisions. ICICI Bank shares climb nearly 5 pc after Q4 earnings; mcap soars by ₹ 36,555.4 crore The stock advanced 4.67 per cent to settle at ₹1,158.80 on the …

ICICI Bank shares breach ₹8 lakh crore market cap, climb after Q4 earnings
10 months, 4 weeks ago

ICICI Bank shares breach ₹8 lakh crore market cap, climb after Q4 earnings

Hindustan Times  

Shares of ICICI Bank on Monday climbed over 2 per cent after the company's March quarter consolidated net profit grew 18.5 per cent to ₹11,672 crore, helped by lower provisions. ICICI Bank share price: For fiscal 2023-24, ICICI Bank standalone net profit grew to ₹ 40,888 crore from ₹ 31,896 crore a year ago. On a standalone basis, the second …

Bangalore District Commission Holds ICICI Bank Liable For Failure To Return Original Documents Within One Month Of Loan Disbursement
1 year ago

Bangalore District Commission Holds ICICI Bank Liable For Failure To Return Original Documents Within One Month Of Loan Disbursement

Live Law  

The III Additional Bangalore Urban District Consumer Disputes Redressal Commission, Bengaluru bench comprising Shivarama K, Chandrashekar S Noola and Rekha Sayannavar held ICICI bank liable for deficiency in services for failure to return original documents to the Complainant within 1 month of loan disbursement. However, despite persistent efforts, the Complainant failed to obtain the necessary documents from ICICI Bank, complicating …

ICICI Bank Reports Strong Q2 Performance, Attracts Investors Amid Stock Market Turmoil
1 year, 5 months ago

ICICI Bank Reports Strong Q2 Performance, Attracts Investors Amid Stock Market Turmoil

News 18  

The worldwide decline in stock markets, largely attributed to the Israel-Hamas conflict, has created a unique scenario that presents investment opportunities. One specific stock that has experienced a notable downturn during these turbulent conditions is that of ICICI Bank, one of India’s prominent financial institutions. According to reports, HDFC Securities, a domestic brokerage house, has recommended buying shares of ICICI …

Chanda Kochhar, husband appear before special CBI court
1 year, 7 months ago

Chanda Kochhar, husband appear before special CBI court

Hindustan Times  

MUMBAI: Chanda Kochhar, former MD and CEO of ICICI Bank and her husband Deepak Kochhar on Wednesday appeared before the special CBI court in connection with the loan fraud case involving Videocon Group. HT Image The special CBI court had on July 12 accepted the charge sheet and issued notice to the Kochhar couple, Videocon group promoter Venugopal Dhoot and …

Videocon loan fraud case: Enough material to proceed against accused, says court
1 year, 8 months ago

Videocon loan fraud case: Enough material to proceed against accused, says court

Hindustan Times  

While taking cognizance of the charge sheet filed by the Central Bureau of Investigation against Chanda Kochhar, former managing director and chief executive officer of ICICI Bank, and others, the special CBI court has observed that the loan given to Videocon group companies were in violation of the Reserve Bank of India circular and there was enough material to proceed …

ICICI Bank sanctioned ₹300-crore loan to Videocon Group company when it had no cash flow: CBI
1 year, 8 months ago

ICICI Bank sanctioned ₹300-crore loan to Videocon Group company when it had no cash flow: CBI

Hindustan Times  

ICICI Bank had in August 2009 sanctioned a ₹300-crore loan to M/s Videocon International Electronics Limited when the company had “no operating activity and no cash flow”, the Central Bureau of Investigation has said in its chargesheet. A special CBI court on Wednesday took cognisance of the chargesheet filed in March against Chanda Kochhar, former managing director and chief executive …

Ex-ICICI Bank CEO Chanda Kochhar got Rs 64 crore illegal gratification: CBI
1 year, 9 months ago

Ex-ICICI Bank CEO Chanda Kochhar got Rs 64 crore illegal gratification: CBI

India Today  

The Central Bureau of Investigation asked the Bombay High Court to take cognisance of its charge sheet, claiming that former ICICI Bank CEO and MD Chanda Kochhar "misappropriated the bank's funds for her own use" and got Rs 64 crore as "illegal gratification". The central probe agency said the amount was transferred through a complex structure involving various companies of …

Videocon loans fraud case: ICICI Bank grants CBI sanction to prosecute Chanda Kochhar
1 year, 9 months ago

Videocon loans fraud case: ICICI Bank grants CBI sanction to prosecute Chanda Kochhar

Hindustan Times  

The Central Bureau of Investigation on Wednesday informed a special court that ICICI Bank had granted the agency sanction to prosecute its former managing director and chief executive officer Chanda Kochhar in connection with a case of alleged irregularities in granting loans to six of Videocon Group firms promoted by Venugopal Dhoot. Photograph: ABHIJIT BHATLEKAR/MINT The bank’s board of directors …

ICICI Bank Q4: From interest income, provisions, key highlight of the quarter
1 year, 11 months ago

ICICI Bank Q4: From interest income, provisions, key highlight of the quarter

Live Mint  

Private sector lender ICICI Bank recorded healthy growth in its fourth quarter results for FY23. Net profit: In Q4FY23, ICICI Bank core operating profit grew by 36.4% year-on-year to ₹ 13,866 crore. Retail loans: The lender’s retail loan portfolio grew by 22.7 percent YoY and comprised 54.7 percent of the total loan portfolio at March 31, 2023. ICICI Bank's rural …

ICICI Bank loan fraud: CBI files charge sheet against Kochhars, Dhoot
1 year, 11 months ago

ICICI Bank loan fraud: CBI files charge sheet against Kochhars, Dhoot

India Today  

The CBI has filed a charge sheet against former MD and CEO of ICICI Bank Chanda Kochhar, her husband Deepak Kochhar and Videocon Group founder Venugopal Dhoot in a Rs 3,250 crore loan fraud case, officials said on Saturday. The CBI has moved to file its final report before a special court in Mumbai without the mandatory requirement of sanction …

ICICI Bank loan fraud case: CBI files charge sheet against Kochhars, Dhoot
1 year, 11 months ago

ICICI Bank loan fraud case: CBI files charge sheet against Kochhars, Dhoot

Hindustan Times  

The Central Bureau of Investigation last week filed a charge sheet against former ICICI Bank managing director Chanda Kochhar, her husband Deepak Kochhar, Videocon Group promoter Venugopal Dhoot and six others in connection with quid-pro-quo loans granted by ICICI Bank to some Videocon Group entities in return for Dhoot’s investment in Deepak Kochhar’s company. Chanda Kochhar and Deepak Kochhar are …

Videocon Group's Venugopal Dhoot gets interim bail in loan fraud case
2 years, 2 months ago

Videocon Group's Venugopal Dhoot gets interim bail in loan fraud case

Hindustan Times  

The Bombay High Court on Friday granted interim bail to Videocon group promoter Venugopal Dhoot who was arrested by the CBI last month in connection with a loan fraud case. )File) Central Bureau of Investigation officials produce Videocon chairman Venugopal Dhoot before the CBI court in connection with the ICICI Bank-Videocon loan fraud case, He had approached the high court …

Bombay High Court Grants Interim Bail To Videocon Group Chairman Venugopal Dhoot
2 years, 2 months ago

Bombay High Court Grants Interim Bail To Videocon Group Chairman Venugopal Dhoot

Live Law  

The Bombay High Court on Friday granted Videocon Group Chairman Venugopal Dhoot interim bail in a plea alleging illegal arrest by the Central Bureau of Investigation. In his petition under Articles 226 and 227 of the Constitution of India, Dhoot has sought quashing of the special CBI court’s remand orders of 26, 28 and 29 December, 2022 and asked the …

ICICI Bank-Videocon loan case: Bombay High Court grants interim bail to Venugopal Dhoot
2 years, 2 months ago

ICICI Bank-Videocon loan case: Bombay High Court grants interim bail to Venugopal Dhoot

India Today  

The Bombay High Court has granted interim relief to Videocon Group chairman Venugopal Dhoot in the ICICI Bank - Videocon loan case. The Central Bureau of Investigation on December 26, 2022 has arrested Videocon Group promoter Venugopal Dhoot in the ICICI loan fraud case. READ | ICICI-Videocon loan case: Chanda Kochhar, husband Deepak Kochhar released from Mumbai jail The case …

ICICI Bank Loan Fraud Case: Bombay High Court Reserves Order On Venugopal Dhoot's Plea For Interim Bail
2 years, 2 months ago

ICICI Bank Loan Fraud Case: Bombay High Court Reserves Order On Venugopal Dhoot's Plea For Interim Bail

Live Law  

The Bombay High Court on Friday reserved its order on the petition filed by Videocon Group promoter Venugopal Dhoot seeking interim release on bail in the ICICI Bank - Videocon loan fraud case.Dhoot alleged that his arrest on December 26, 2022 by the CBI was illegal as he was taken into custody despite cooperating with investigators. The Bombay High Court …

ICICI loan fraud case: Videocon's Dhoot terms his arrest 'unwarranted'; CBI claims he was evading probe
2 years, 2 months ago

ICICI loan fraud case: Videocon's Dhoot terms his arrest 'unwarranted'; CBI claims he was evading probe

India TV News  

ICICI Bank loan fraud case: The lawyer of Videocon Group promoter Venugopal Dhoot on Friday argued before the Bombay High Court that the industrialist's arrest in the ICICI Bank loan fraud case was "unwarranted" as he was cooperating with the probe. Dhoot was summoned in December 2022 CBI counsel Raja Thakare said Dhoot was summoned in December 2022 so as …

CBI to reply to Videocon Chairman Venugopal Dhoot's plea of 'illegal arrest' on January 13
2 years, 2 months ago

CBI to reply to Videocon Chairman Venugopal Dhoot's plea of 'illegal arrest' on January 13

India Today  

The CBI sought time on Tuesday to file a reply to Videocon chairman Venugopal Dhoot's plea claiming that the arrest by the agency in the ICICI Bank-Videocon loan case was arbitrary and illegal. READ | ICICI-Videocon loan case: Chanda Kochhar, husband Deepak Kochhar released from Mumbai jail However, the Bombay High Court bench of Justices Revati Mohite Dere and PK …

ICICI-Videocon loan case: Chanda Kochhar, husband Deepak Kochhar released from Mumbai jail
2 years, 2 months ago

ICICI-Videocon loan case: Chanda Kochhar, husband Deepak Kochhar released from Mumbai jail

India Today  

Former ICICI Bank CEO and MD Chanda Kochhar and her husband Deepak Kochhar have been released from jail in Mumbai after getting bail in a loan fraud case. Deepak Kochhar has also been released from the Arthur Road prison. ICICI bank-Videocon loan fraud case| Ex-ICICI CEO Chanda Kochhar released from Byculla Prison & her husband Deepak Kochhar released from Arthur …

ICICI-Videocon loan scam: Bombay HC grants bail to Chanda Kochhar, her husband Deepak Kochhar
2 years, 2 months ago

ICICI-Videocon loan scam: Bombay HC grants bail to Chanda Kochhar, her husband Deepak Kochhar

Firstpost  

The court observed that the arrest of the Kochhar couple was not in accordance with the law and hence allowed them to be released from judicial custody on a cash bail of Rs 1 lakh each Mumbai: The Bombay High Court on Monday allowed the release of former ICICI Chief Executive Officer Chanda Kochhar and her husband Deepak Kochhar accused …

Chanda Kochhar and husband - arrested in Videocon loan fraud case - to be freed
2 years, 2 months ago

Chanda Kochhar and husband - arrested in Videocon loan fraud case - to be freed

Hindustan Times  

The Bombay High Court on Monday granted bail to Chanda Kochhar, the former ICICI Bank managing director and chief executive officer, and her husband Deepak Kochhar from judicial custody after their arrest by the CBI in the ICICI Bank-Videocon loan fraud case, news agency PTI reported. Chanda and Deepak Kochhar were arrested last month by the CBI in a loan …

Videocon Group loan case: Bombay HC calls arrest of Chanda and Deepak Kochhar ‘illegal’, orders release
2 years, 2 months ago

Videocon Group loan case: Bombay HC calls arrest of Chanda and Deepak Kochhar ‘illegal’, orders release

The Hindu  

The Bombay High Court ordered the release of ICICI Bank’s Chief Executive Officer and Managing Director Chanda Kochhar and her husband Deepak Kochhar. The CBI has alleged that ICICI bank under the leadership of Ms. Kochhar sanctioned a credit of ₹3,250 crore to companies owned by the Videocon Group which are in direct violation to The Banking Regulation Act, guidelines …

Former ICICI Bank CEO Chanda Kochhar, husband Deepak granted bail in money laundering case
2 years, 2 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 …

Kochhars, Dhoot sent to 14-day judicial custody in ICICI-Videocon loan fraud case
2 years, 2 months ago

Kochhars, Dhoot sent to 14-day judicial custody in ICICI-Videocon loan fraud case

Hindustan Times  

A special CBI court here on Thursday sent former ICICI Bank CEO and MD Chanda Kochhar, her husband Deepak Kochhar and Videocon group founder Venugopal Dhoot to 14-day judicial custody in connection with a loan fraud case. Former ICICI Bank CEO Chanda Kochhar and her husband Deepak Kochhar. The CBI had named the Kochhars and Dhoot, along with companies Nupower …

ICICI loan fraud case: Court extends CBI custody of Kochhars, Venugopal Dhoot
2 years, 3 months ago

ICICI loan fraud case: Court extends CBI custody of Kochhars, Venugopal Dhoot

Deccan Chronicle  

New Delhi: The Central Bureau of Investigation court on Wednesday granted two days more of custody to the CBI of three accused -Chanda Kochhar, Deepak Kochhar and Venugopal Dhoot- in the alleged ICICI bank-Videocon money laundering case. In the alleged fraud case, CBI had sought custody of Videocon chairman Venugopal Dhoot, Former Managing Director and CEO of ICICI bank Chanda …

Loan fraud case: Ex-ICICI Bank CEO Chanda Kochhar, husband approach HC
2 years, 3 months ago

Loan fraud case: Ex-ICICI Bank CEO Chanda Kochhar, husband approach HC

Deccan Chronicle  

MUMBAI: Former ICICI Bank CEO and MD Chanda Kochhar and her husband Deepak Kochhar on Tuesday approached the Bombay High Court, calling their arrest by the Central Bureau of Investigation in a loan fraud case illegal. The CBI had named the Kochhars and Venugopal Dhoot, chairman of the Videocon Group, along with Nupower Renewables managed by Deepak Kochhar, Supreme Energy …

ICICI Bank-Videocon case: Bombay HC denies any interim relief to Chanda Kochhar and Deepak Kochhar
2 years, 3 months ago

ICICI Bank-Videocon case: Bombay HC denies any interim relief to Chanda Kochhar and Deepak Kochhar

Op India  

The Vacation Bench of Bombay High Court on Tuesday refused any interim relief to former Managing Director and CEO of ICICI Bank, Chanda Kochhar and her husband Deepak Kochhar in connection with their arrest in the ICICI Bank-Videocon loan fraud case. The CBI on Monday got three-day custody of Chanda, Deepak, and Videocon Group Chairman Venugopal Dhoot, a co-accused in …

CBI arrests Videocon chief Dhoot over loan fraud case
2 years, 3 months ago

CBI arrests Videocon chief Dhoot over loan fraud case

Hindustan Times  

The Central Bureau of Investigation on Monday arrested Videocon Group chairman Venugopal Dhoot for allegedly paying bribes to former ICICI Bank chief executive Chanda Kochhar and her husband Deepak Kochhar for loans to his companies, people familiar with the development said. Mumbai: Videocon Group CEO Venugopal Dhoot, co-accused in the ICICI money laundering case, leaves the CBI Special Court after …

CBI arrests Videocon founder Venugopal Dhoot in ICICI Bank loan fraud case
2 years, 3 months ago

CBI arrests Videocon founder Venugopal Dhoot in ICICI Bank loan fraud case

Firstpost  

The CBI had alleged that ICICI Bank had sanctioned credit facilities to the tune of Rs 3,250 crore to the companies of Videocon Group promoted by Dhoot in violation of the Banking Regulation Act, RBI guidelines, and credit policy of the bank New Delhi: The CBI on Monday arrested Videocon group founder Venugopal Dhoot in connection with the ICICI Bank …

What is ICICI Bank Loan Fraud Case? EXPLAINED as CBI Arrests Videocon's Venugopal Dhoot
2 years, 3 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 …

Videocon's Venugopal Dhoot, Arrested in Loan Fraud Case, Offers to Turn Approver: Sources
2 years, 3 months ago

Videocon's Venugopal Dhoot, Arrested in Loan Fraud Case, Offers to Turn Approver: Sources

News 18  

Videocon Group founder and CEO Venugopal Dhoot, who was arrested earlier in the day by the Central Bureau of Investigation in the ICICI Bank loan fraud case, has offered to turn approver, CNBC-TV18 reported on Monday citing sources. Venugopal Dhoot, 71, was arrested from Mumbai nearly three days after former CEO and MD of ICICI Bank Chanda Kochhar and her …

CBI arrests Videocon chief Venugopal Dhoot in ‘loan fraud’ case
2 years, 3 months ago

CBI arrests Videocon chief Venugopal Dhoot in ‘loan fraud’ case

The Hindu  

The Central Bureau of Investigation has arrested Videocon Group chief Venugopal Dhoot, days after the arrest of ICICI Bank’s former chief executive officer and managing director, Chanda Kochhar, and her husband, Deepak Kochhar, in a case related to the credit facilities extended to the group companies. In January 2019, the agency registered a case alleging quid pro quo in sanctioning …

CBI arrests Videocon Group's Venugopal Dhoot in ICICI Bank fraud case
2 years, 3 months ago

CBI arrests Videocon Group's Venugopal Dhoot in ICICI Bank fraud case

Hindustan Times  

The CBI has arrested Videocon Group's Venugopal Dhoot in the ICICI Bank fraud case days after former managing director and chief executive officer of the bank - Chanda Kochhar - and her husband Deepak Kochhar were arrested. As per the accusations against Kochhar, she misused her position in the ICICI Bank and granted loans to Videocon group promoter Venugopal Dhoot …

Venugopal Dhoot, Chanda Kochhar, her husband in CBI custody till Dec 28 in loan fraud case
2 years, 3 months ago

Venugopal Dhoot, Chanda Kochhar, her husband in CBI custody till Dec 28 in loan fraud case

India Today  

A special CBI court in Mumbai on Monday extended the custody of former ICICI Bank CEO and MD Chanda Kochhar, her husband Deepak Kochhar, and Videocon group founder Venugopal Dhoot till December 28 in connection with a loan fraud case. The three accused have been arrested for alleged cheating and irregularities in loans sanctioned by ICICI Bank during Kochhar's tenure …

CBI arrests Videocon chairman Venugopal Dhoot in ICICI Bank loan case
2 years, 3 months ago

CBI arrests Videocon chairman Venugopal Dhoot in ICICI Bank loan case

India TV News  

Venugopal Dhoot arrested: The Central Bureau of Investigation on Monday arrested Videocon group chairman Venugopal Dhoot in connection with the ICICI Bank loan case. The CBI has alleged that ICICI Bank sanctioned credit facilities to the tune of Rs 3,250 crore to the companies of Videocon Group promoted by Venugopal Dhoot in violation of the Banking Regulation Act, RBI guidelines …

Former ICICI CEO Chanda Kochhar, husband Deepak sent to CBI custody till Monday
2 years, 3 months ago

Former ICICI CEO Chanda Kochhar, husband Deepak sent to CBI custody till Monday

India TV News  

Former ICICI Bank CEO Chanda Kochhar and her husband Deepak Kochhar were sent to CBI custody till Monday in relation to the alleged cheating and irregularities in loans sanctioned by the bank to the Videocon Group of Companies in 2012. Just a day earlier, the Central Bureau of Investigation apprehended former ICICI Bank CEO Chanda Kochhar and her husband Deepak …

Videocon Group loan case: CBI arrests Chanda Kochhar and her husband
2 years, 3 months ago

Videocon Group loan case: CBI arrests Chanda Kochhar and her husband

The Hindu  

The Central Bureau of Investigation has arrested former ICICI Bank’s chief executive officer and managing director, Chanda Kochhar, and her husband, Deepak Kochhar, in a case related to the credit facilities extended to the Videocon Group of companies. The CBI had registered the case in January 2019, alleging quid pro quo in sanctioning loans of ₹1,875 crore to the companies …

Ex-ICICI Bank CEO Chanda Kochhar, Husband Arrested by CBI in Videocon Loan Fraud Case
2 years, 3 months ago

Ex-ICICI Bank CEO Chanda Kochhar, Husband Arrested by CBI in Videocon Loan Fraud Case

News 18  

The Central Bureau of Investigation on Friday arrested former ICICI CEO Chanda Kochhar and her husband Deepak Kochhar in a money laundering case involving a loan from the ICICI bank and the Videocon Group. Venugopal Dhoot of the Videocon Group, along with companies Nupower Renewables, Supreme Energy, Videocon International Electronics Ltd and Videocon Industries Limited was also arrested, a PTI …

ICICI Bank Q4 net profit surges by 59% to ₹7,019 cr
2 years, 11 months ago

ICICI Bank Q4 net profit surges by 59% to ₹7,019 cr

Hindustan Times  

Private sector lender ICICI Bank on Saturday reported a 59 per cent jump in standalone net profit to ₹7,019 crore for the fourth quarter of FY2021-22. Net interest income increased by 21 per cent to ₹12,605 crore from ₹10,431 crore in the same quarter a year ago, it said. On a consolidated basis, ICICI Bank Group net profit jumped by …

ICICI-Videocon Scam: Supreme Court Dismisses ED's Plea Against Bombay HC's Order Granting Bail To Deepak Kochhar
3 years, 2 months ago

ICICI-Videocon Scam: Supreme Court Dismisses ED's Plea Against Bombay HC's Order Granting Bail To Deepak Kochhar

Live Law  

The Supreme Court of India on Monday dismissed Enforcement Directorate's plea against Bombay High Court's order granting bail to Deepak Kochhar, husband of ex-ICICI Bank CEO Chanda Kochhar, an accused in the multi-crore ICICI Bank-Videocon money laundering case.A Bench comprising CJI NV Ramana, Justice Surya Kant and Justice Hima Kohli dismissed the special leave petition but kept the. The Supreme …

ICICI-Videocon Scam: Supreme Court To Hear In January ED's Plea Against Bombay HC's Order Granting Bail To Deepak Kochhar
3 years, 4 months ago

ICICI-Videocon Scam: Supreme Court To Hear In January ED's Plea Against Bombay HC's Order Granting Bail To Deepak Kochhar

Live Law  

Supreme Court on Friday posted in January the Enforcement Directorate's plea against Bombay High Court's order granting bail to Deepak Kochhar, husband of ex-ICICI Bank CEO Chanda Kochhar, an accused in the multi-crore ICICI Bank-Videocon money laundering case. Post in January," CJI said The High Court through its impugned order dated 25th March 2021 granted bail to Kochhar on the …

ICICI-Videocon Scam: Mumbai Court Grants Bail to Deepak Kochhar
4 years ago

ICICI-Videocon Scam: Mumbai Court Grants Bail to Deepak Kochhar

Live Law  

The Bombay High Court on Thursday granted bail to Deepak Kochhar, husband of ex-ICICI Bank CEO Chanda Kochhar, an accused in the multi-crore ICICI Bank-Videocon money laundering case, being investigated by the Enforcement Directorate. The Special Court had observed that Chanda Kochhar had prima facie misused her official position in granting loans to the accused Videocon group of companies and …

Videocon loan case: Deepak Kochhar, husband of ex-ICICI Bank CEO Chanda Kochhar, gets bail
4 years ago

Videocon loan case: Deepak Kochhar, husband of ex-ICICI Bank CEO Chanda Kochhar, gets bail

India TV News  

Videocon loan case: Deepak Kochhar, husband of ex-ICICI Bank CEO Chanda Kochhar, gets bail The Bombay High Court has granted bail to businessman Deepak Kochhar, husband of ex-ICICI Bank CEO Chanda Kochhar, in the ICICI Bank-Videocon loan case. The Bombay High Court has granted bail to businessman Deepak Kochhar, husband of ex-ICICI Bank CEO Chanda Kochhar, in the ICICI Bank-Videocon …

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

Videocon promoter Venugopal Dhoot granted bail in money laundering case
4 years ago

Videocon promoter Venugopal Dhoot granted bail in money laundering case

India Today  

A Special PMLA Court on Friday granted bail to Videocon Group promoter Venugopal Dhoot on a cash bond of Rs 5 lakh in the ICICI-Videocon money laundering case. On January 30, the court had summoned all the accused including former ICICI bank CEO Chanda Kochhar, her husband Deepak Kochhar, and Dhoot after taking cognisance of the Enforcement Directorate’s charge sheet. …

ICICI Bank shares zoom nearly 6 pc after Q3 earnings
4 years, 1 month ago

ICICI Bank shares zoom nearly 6 pc after Q3 earnings

India TV News  

Shares of ICICI Bank zoomed nearly 6 per cent on Monday after the company reported a 17.73 per cent jump in its December quarter consolidated net profit. ICICI Bank on Saturday reported a 17.73 per cent jump in its December quarter consolidated net profit to Rs 5,498.15 crore, helped by a jump in core income but experienced a surge in …

SEBI fines NDTV Rs 25 crores in ICICI loan case: Details
4 years, 3 months ago

SEBI fines NDTV Rs 25 crores in ICICI loan case: Details

Op India  

Markets regulator Securities and Exchange Board of India on Thursday imposed a penalty of Rs 25 crore on controversial news outlet NDTV and Rs 1 crore each on its promoters. SEBI has imposed fines on NDTV and its promoters Prannoy Roy and Radhika Roy for “violating various securities” norms by hiding information from shareholders regarding certain loan agreements. One loan …

Deepak Kochhar threatened to ruin my name by declaring ICICI bank loans as NPAs, says Venugopal Dhoot
4 years, 3 months ago

Deepak Kochhar threatened to ruin my name by declaring ICICI bank loans as NPAs, says Venugopal Dhoot

India Today  

The Enforcement Directorate probe in money laundering case registered against Deepak Kochhar, his wife and former CEO of ICICI Bank, Chanda Kochhar, and Videocon Industries promoter Venugopal Dhoot has brought to light the money trail on the suspected quid pro quo between Kochhars and Dhoot for the loans sanctioned to the latter. According to the sources, Venugopal Dhoot has, in …

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