Parliamentary panel to discuss Chanda Kochhar, Nirav Modi today - Hindustan Times
close_game
close_game

Parliamentary panel to discuss Chanda Kochhar, Nirav Modi today

Hindustan Times, New Delhi | By, New Delhi
Apr 17, 2018 12:40 PM IST

This is the first time the recent cases related to the banking sector will come under the review of a parliamentary panel.

The parliamentary standing committee on finance will discuss allegations of quid pro quo against ICICI chief Chanda Kochhar over a loan to Videocon Group, and recent bank frauds when it starts a debate on bad loans in Indian banks on Tuesday. This is the first time the recent cases related to the banking sector will come under the review of a parliamentary panel.

There are allegations of quid pro quo against ICICI chief Chanda Kochhar over a loan to Videocon Group.(REUTERS)
There are allegations of quid pro quo against ICICI chief Chanda Kochhar over a loan to Videocon Group.(REUTERS)

Close on the heels of the fraud at Punjab National Bank, where jewellers Nirav Modi and Mehul Choksi are alleged to have conspired with venal bank officers to defraud the bank of close to 12,000 crore, allegations have cropped up about ICICI bank’s loans to Videocon, and the possibility that these may be linked to Videocon chairman Venugopal Dhoot’s transfer of his private investment in a company to its co-promoter, Deepak Kochhar, Chanda Kochhar’s husband.

Now catch your favourite game on Crickit. Anytime Anywhere. Find out how

“We will look closely at the recent cases of bank frauds — the ICICI, PNB and UCO Bank cases — to understand the issue and recommend remedies. Finance ministry officials have been requested to depose before the panel on Tuesday. Other stakeholders will also be called but on some other day,” said a senior member of the standing committee. In the UCO bank case, the Central Bureau of Investigation has booked the bank’s former CMD Arun Kaul and a few other officials for allegedly duping the bank to the tune of 620 crores.

Elevate your career with VIT’s MBA programme that has been designed by its acclaimed faculty & stands out as a beacon for working professionals. Explore now!

See more

Get latest updates on Petrol Price along with Gold Rate , Today Weather and Budget 2024 at Hindustan Times.

SHARE THIS ARTICLE ON
SHARE
Story Saved
Live Score
OPEN APP
Saved Articles
Following
My Reads
Sign out
New Delhi 0C
Sunday, June 16, 2024
Start 14 Days Free Trial Subscribe Now
Follow Us On