ICICI Bank granted six loans to Videocon group companies between June 2009 to October 2011. Later, these loans were restructured by a fresh loan of ₹1,730 crore. The account of Videocon was declared NPA on June 30, 2017, with an outstanding of ₹1,033 crores, the CBI chargesheet stated
Chanda Kochhar, former MD and CEO of ICICI Bank, and her husband Deepak Kochhar appeared before a special CBI court in connection with a loan fraud case involving Videocon Group.
The CBI had in January 2019 registered a case to probe the alleged irregularities in granting rupee term loans (RTLs) of ₹1,875 crore to the six firms when Chanda Kochhar was the bank’s managing director (MD) and CEO
Former ICICI Bank CEO Chanda Kochhar misused her position to grant loans to ineligible Videocon Group firms, according to the Central Bureau of Investigation. Kochhar, her husband and the group's promoter have been charged with corruption. The prosecutor argued Kochhar accepted a $64m gratuity and that the family benefited from the transfer of a flat in Mumbai's Churchgate area, owned by Videocon, for just $15,000. Kochhar was a member of the loan committee that approved loans of $40m to Videocon from ICICI Bank, the charges allege.