New Delhi: The CBI on Friday arrested Former ICICI Bank CEO Chanda Kochhar and her husband Deepak Kochhar in connection with an over Rs-3,000 crore loan irregularity case.
As per reports, they had links with a case of alleged irregularities in an over Rs 3,000-crore loan provided to the Videocon Group. Chanda Kochhar was the head of the ICICI back then.
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She was the managing director and CEO when the allegations of her favouring Videocon Group surfaced. She quit in 2018 from her position after the allegations.
ICICI a year after she quit said that her exit would be treated as “termination for cause”.
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As per the CBI, Chanda has been accused of criminal conspiracy and cheating for alleged irregularities in a loan of Rs 3,250 crore in 2012 to the Videocon Group. The loan later became a non-performing asset for the ICICI Bank.