Chanda Kochhar's Ascent and Decline

Chanda Kochhar's Ascent and Decline.Show more

Chanda Kochhar, the former MD and CEO of ICICI Bank, and her husband Deepak Kochhar were detained by the CBI on December 23. The two were detained in connection with the money laundering case involving ICICI Bank and Videocon. On December 24, both were presented before the CBI Court. When Chanda Kochhar led ICICI Bank as CEO in 2009, she approved a loan for the Videocon Group of Companies. As part of a trade-off, Videocon invested in a business that belongs to Deepak Kochhar. Furthermore, it was claimed that ICICI Bank loaned the Videocon Group money totaling Rs 3,250 crore. Leading Indian agencies involved in the investigation include the CBI, ED, and Serious Fraud Investigation Office. The Bank was contacted regarding the