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1,033 cr due from Videocon Group not wrongful loss: Bank

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

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Updated on Aug 06, 2023 12:33 AM IST

'Chanda Kochhar may end up in prison', her husband was warned: CBI chargesheet

The chargesheet, filed in March before the special CBI court in Mumbai, became available last week.

Mahesh Punglia, another chartered accountant connected to Dhoot, in his statement, said that Deepak Kocchar had approached Dhoot for investing <span class='webrupee'>₹</span>64 crore in his company and in return, Chanda Kochhar would help in getting loans from the bank. (HT PHOTO)
Updated on Aug 06, 2023 10:50 AM IST

Chanda Kochhar, husband appear before special CBI court

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.

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Updated on Aug 03, 2023 12:52 AM IST

Videocon loan fraud case: Enough material to proceed against accused, says court

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

Chanda Kochhar and Deepak Kochhar are facing CBI probe in the ICICI-Videocon loan fraud case. (File Photo)
Updated on Jul 16, 2023 04:05 PM IST

Kochhars got flat in Churchgate in 2016 for just 11 lakh: CBI to court

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.

Chanda Kochchar, managing director and CEO of ICICI, photographed at her office in Mumbai on January 2, 2013. Photograph: ABHIJIT BHATLEKAR/MINT
Updated on Jun 27, 2023 08:06 AM IST
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