VADODARA: The allegations levelled by ICICI Bank against one of its shareholders from Ahmedabad fell flat in a local court recently. The court of additional civil judge H J Gadhvi junked the case on the grounds that it had failed to prove their allegations against Vaghela.
The private bank had alleged that Babu Vaghela, who lives in Vejalpur area, had disrupted the bank’s AGM in 2012 by raising personal issues not connected to the bank and videotaped the meeting. Vaghela was also accused of uploading the video on YouTube, tweeting defamatory statements against then chairman K V Kamath and then CEO Chanda Kochhar and sending emails against them to government officials. The bank had sought a compensation of Rs 1 lakh from Vaghela, unconditional apology and restraining him from defaming them both.
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