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CBI arrests former ICICI CEO Chanda Kochhar, husband in loan fraud case

by Team Indopost
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The CBI has arrested former ICICI Bank CEO Chanda Kochhar and her husband Deepak Kochhar on Friday in a money laundering case involving the bank and the Videocon Group.

Kochhar whoallegedly favoured Videocon Group, has been charged with criminal conspiracy and cheating by the CBI for suspected irregularities in a loan of Rs 3,250 crore made to the Videocon Group in 2012 that turned into a non-performing asset for the ICICI Bank.
“I reiterate that none of the credit decisions at the bank are unilateral … the organisation design and structure obviate the possibility of conflict of interest,” she had said in a statement.

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