Friday, January 25, 2019

CBI says that Chanda family received bribes

Central Bureau of Investigation probe against former ICICI Bank CEO and MD Chanda Kochhar has revealed that she received "illegal gratification" through her husband Deepak Kochhar for favoring Videocon group. 

Being the head of ICICI Bank, CBI says, Chanda Kochhar approved six loans to Venugopal N Dhoot's Videocon group between June 2009 and October 2011. One such loan - a rupee term loan  worth Rs 300 crore was given to Videocon International Electronics and Rs 64 Cr as bribe was received by her husband's company.

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