Former managing director and chief executive officer (CEO) of ICICI Bank Chanda Kochhar has reportedly said that that two of the six loans given to the Videocon group were approved before her appointment at the top post. These six loan sanctions are currently under the Enforcement Directorate (ED) investigation for alleged corruption. “.... during the entire period of association of ICICI with Videocon Group, ICICI Bank has earned a high amount of fee and interest till 2016. “The FIR also contains the names of the other senior personnel who participated in the committees that sanctioned the said six loans. Chanda Kochhar had quit the ICICI Bank after being mired in allegations that she favoured Videocon Group in October 2018.

Source: dna November 16, 2020 14:26 UTC