A New Case Being Registered Against Chanda Kochhar: Check All About Former ICICI MD And Charges She Is Facing
Lets take a closer look at Chanda Kochhars background and the charges she is facing.
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Lets take a closer look at Chanda Kochhars background and the charges she is facing.
As per the CBI, private sector lender ICICI Bank sanctioned credit facilities of Rs 3,250 crore to Videocon Group firms in violation of the Banking Regulation Act, Reserve Bank of India’s guidelines, and the credit policy of the bank.
Former ICICI Bank CEO and MD Chanda Kochhar has filed a petition in the Bombay High Court challenging the board's approval to prosecute her in the Videocon loan case. Kochhar alleges that proper procedures were not followed in granting the sanction. She and her husband, arrested in December 2022, were later granted bail by the High Court in January 2023. The ICICI Bank board, acknowledging a possible quid pro quo, passed a resolution on April 22 granting the prosecution sanction.
Former ICICI Bank CEO and MD Chanda Kochhar has moved the Bombay High Court challenging the sanction given by the bank’s board
by adv. r. s. agrawal a supreme court division bench consisting of justices sanjiv khanna and s v n bhatti has affirmed the bombay high court’s november 10, 2023 order which was impugned in appeal filed