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Former ICICI Bank CEO Chanda Kochhar (REUTERS/Francis Mascarenhas/File Photo)

ICICI Bank money laundering case: Chanda Kochchar granted bail

By Charul Shah, Mumbai
UPDATED ON FEB 12, 2021 02:41 PM IST
  • ED filed a complaint against Kochhars and the Dhoots on November 3, 2020 and accused eight companies in the money laundering case
Deepak Kochhar, husband of former ICICI Bank MD & CEO Chanda Kochhar.(File photo)
Deepak Kochhar, husband of former ICICI Bank MD & CEO Chanda Kochhar.(File photo)

ICICI bank fraud: Drivers, gardeners were directors in Deepak Kochhar and Dhoot’s companies. They didn’t know, says ED

Hindustan Times, New Delhi | By Neeraj Chauhan
UPDATED ON DEC 09, 2020 04:42 PM IST
As per the statement of these employees, some of them have claimed that they never even heard about the companies in which they were made directors
Deepak Kochhar.(File photo)
Deepak Kochhar.(File photo)

ICICI bank fraud: Court refuses bail to Deepak Kochhar

Hindustan Times, Mumbai | By Charul Shah
UPDATED ON DEC 01, 2020 05:25 PM IST
Kochhar had earlier sought bail saying the ED had failed to file a charge sheet against him within the stipulated 60 days of his arrest; that plea was also rejected
Investigation against Chanda Kochhar dates back to December 8, 2017, when the Central Bureau of Investigation (CBI) first registered a preliminary enquiry against her to investigate the irregularities in loans disbursed by the private bank during her tenure. (HT Photo)
Investigation against Chanda Kochhar dates back to December 8, 2017, when the Central Bureau of Investigation (CBI) first registered a preliminary enquiry against her to investigate the irregularities in loans disbursed by the private bank during her tenure. (HT Photo)

Chanda Kochhar, 2 others named in ED’s money laundering chargesheet

Hindustan Times, New Delhi | By Neeraj Chauhan
UPDATED ON NOV 04, 2020 10:43 PM IST
This is the first ever chargesheet against Chanda Kochhar, who had to step down in October 2018 from the ICICI Bank after allegations of multiple irregularities surfaced against her.
Former ICICI Bank CEO Chanda Kochhar and her husband Deepak Kochhar .(Biplov Bhuyan/HT PHOTO)
Former ICICI Bank CEO Chanda Kochhar and her husband Deepak Kochhar .(Biplov Bhuyan/HT PHOTO)

Chanda Kochhar and husband Deepak worked in tandem, says ED

Hindustan Times, New Delhi | By Neeraj Chauhan
UPDATED ON SEP 09, 2020 02:28 AM IST
Deepak Kochhar, according to the ED, not only actively engaged in laundering proceeds of crime and projecting it as “untainted,” but continued to have access to the laundered money.
Chanda Kochhar-MD & CEO of ICICI Bank, during MINT annual banking Conclave in Mumbai on February 14, 2012. Photograph: ABHIJIT BHATLEKAR/MINT
Chanda Kochhar-MD & CEO of ICICI Bank, during MINT annual banking Conclave in Mumbai on February 14, 2012. Photograph: ABHIJIT BHATLEKAR/MINT

Former ICICI Bank CEO Chanda Kochhar’s Mumbai house attached by ED for alleged violation of bank norms

Hindustan Times, New Delhi | By HT Correspondent
UPDATED ON JAN 10, 2020 09:55 PM IST
Kochhar’s assets attached by ED include a flat in which she is currently living and three properties of husband including farm houses. The book value of these properties is Rs 78 crore, while the market value is Rs 600 crore.
Former ICICI Bank CEO Chanda Kochhar and her husband Deepak Kochhar arrive to appear before Enforcement Directorate (ED) in connection with a bank loan fraud and money laundering case probe, in New Delhi, India, on Tuesday, May 14, 2019. (Photo by Biplov Bhuyan/ Hindustan Times)(Biplov Bhuyan/HT PHOTO)
Former ICICI Bank CEO Chanda Kochhar and her husband Deepak Kochhar arrive to appear before Enforcement Directorate (ED) in connection with a bank loan fraud and money laundering case probe, in New Delhi, India, on Tuesday, May 14, 2019. (Photo by Biplov Bhuyan/ Hindustan Times)(Biplov Bhuyan/HT PHOTO)

In Chanda Kochhar case, ED probe points to conflict of interest

Hindustan Times, New Delhi | By Neeraj Chauhan
UPDATED ON MAY 18, 2019 08:05 AM IST
HT has reviewed a copy of an internal ED report, which states that CFL was held jointly by Chanda Kochhar and family (60% of shares) and Videocon (24.7% shares) since 2000-01.
former ICICI Bank managing director and chief executive officer Chanda Kochhar(PTI file photo)
former ICICI Bank managing director and chief executive officer Chanda Kochhar(PTI file photo)

ICICI probe widens, 24 loans from Chanda Kochhar era under lens

Hindustan Times, New Delhi | By Neeraj Chauhan
UPDATED ON MAY 17, 2019 07:30 AM IST
The ED, investigating links between former ICICI Bank managing director and chief executive officer Chanda Kochhar and the Videocon Group, has expanded its probe.
It is alleged Dhoot invested in NuPower through his firm Supreme Energy, a quid pro quo to loans cleared by the ICICI Bank after Chanda Kochhar took over as the Chief Executive Officer(PTI)
It is alleged Dhoot invested in NuPower through his firm Supreme Energy, a quid pro quo to loans cleared by the ICICI Bank after Chanda Kochhar took over as the Chief Executive Officer(PTI)

Ex-ICICI bank CEO Chanda Kochhar questioned by ED for fourth straight day in loan fraud case

Mumbai | By Indo Asian News Service
PUBLISHED ON MAR 04, 2019 03:43 PM IST
The Enforcement Directorate (ED) on Monday questioned former ICICI Bank CEO Chanda Kochhar for the fourth consecutive day in the ongoing probe into the alleged irregularities and corrupt practices in sanctioning a Rs 1,875-crore loan by the bank to the Videocon Group.
The raids were conducted at several locations including their offices and residential premises in Mumbai and other places.(Abhijit Bhatlekar/ Mint)
The raids were conducted at several locations including their offices and residential premises in Mumbai and other places.(Abhijit Bhatlekar/ Mint)

Chanda Kochhar, husband at ED’s Mumbai office in money laundering case

New Delhi | By HT Correspondent
UPDATED ON MAR 03, 2019 07:00 AM IST
News agency PTI reported that they appeared in ED’s Mumbai office in a case registered under Prevention of Money Laundering Act (PMLA) .
The Central Bureau of Investigation (CBI) has issued a lookout notice against former ICICI Bank CEO Chanda Kochhar, her husband Deepak Kochhar and Videocon Group promoter Venugopal Dhoot.(PTI Photo)
The Central Bureau of Investigation (CBI) has issued a lookout notice against former ICICI Bank CEO Chanda Kochhar, her husband Deepak Kochhar and Videocon Group promoter Venugopal Dhoot.(PTI Photo)

CBI issues lookout notice against Chanda Kochhar, 2 others in ICICI loan case

Hindustan Times | By HT Correspondent
UPDATED ON FEB 22, 2019 01:02 PM IST
The CBI had on January 24 named the the Kochhars and Dhoot as accused in an FIR in the the Rs 3,250 crore loan case.
An independent enquiry conducted by retired Supreme Court judge BN Srikrishna has indicted Kochhar, who had led the bank for nearly a decade, for violating various regulations(PTI)
An independent enquiry conducted by retired Supreme Court judge BN Srikrishna has indicted Kochhar, who had led the bank for nearly a decade, for violating various regulations(PTI)

Chanda Kochhar ‘shocked, hurt’ by ICICI Bank’s decision to terminate her

Mumbai | By Press Trust of India
UPDATED ON JAN 30, 2019 10:08 PM IST
Chanda Kochhar, the first woman CEO of a bank in the country, also said she served the ICICI group for 34 long years “with all my dedication and hard work” and the bank’s latest decision has caused her “immense hurt and pain”.
Chanda Kochhar resigned in October after being mired in allegations that she favoured Videocon Group(PTI/File Photo)
Chanda Kochhar resigned in October after being mired in allegations that she favoured Videocon Group(PTI/File Photo)

ICICI says Chanda Kochhar violated code of conduct, has to return bonuses

Reuters | By Agencies
UPDATED ON JAN 30, 2019 09:03 PM IST
ICICI Bank, India’s third biggest lender, said it will treat Chanda Kochhar’s resignation as “termination for cause” and will stop payment of unpaid benefits, including bonus.
Chanda Kochhar resigned in October last year after seeking early retirement and was replaced by Sandeep Bakhshi. The 56-year-old had headed ICICI since May 2009.(Arvind Yadav/ HT Photo)
Chanda Kochhar resigned in October last year after seeking early retirement and was replaced by Sandeep Bakhshi. The 56-year-old had headed ICICI since May 2009.(Arvind Yadav/ HT Photo)

Chanda Kochhar is just the tip of the iceberg: Whistleblower on CBI FIR in ICICI-Videocon loan case

New Delhi | By HT Correspondent
UPDATED ON JAN 25, 2019 11:06 AM IST
Arvind Gupta, who blew the lid on the alleged Videocon loan fraud, said the case registered by CBI against Chanda Kochhar, her husband Deepak Kochhar and Videocon Group head Venugopal Dhoot for criminal conspiracy and fraud is just a good beginning.
CICI Bank has been under probe by multiple central agencies since March for alleged wrongdoings in extending loan to now-bankrupt Videocon group by its managing director Chanda Kochhar, who has since been asked to go on leave till a probe is over.(REUTERS)
CICI Bank has been under probe by multiple central agencies since March for alleged wrongdoings in extending loan to now-bankrupt Videocon group by its managing director Chanda Kochhar, who has since been asked to go on leave till a probe is over.(REUTERS)

ICICI Bank aims to grow home loan book to Rs 2 trillion by 2020

Press Trust of India, Mumbai | By Press Trust of India
PUBLISHED ON JUL 04, 2018 06:13 PM IST
At Rs 1.5 trillion currently, the mortgage loan-book is half of the bank’s overall retail loan portfolio of around Rs 3 trillion, the bank said.
On Monday, ICICI Bank announced that Kochhar has decided to go on leave till the completion of an external enquiry into alleged conflict of interest in extending loans to some corporates like Videocon.(Abhijit Bhatlekar/ Mint)
On Monday, ICICI Bank announced that Kochhar has decided to go on leave till the completion of an external enquiry into alleged conflict of interest in extending loans to some corporates like Videocon.(Abhijit Bhatlekar/ Mint)

SEBI yet to receive reply from ICICI Bank on Chanda Kochhar issue: Ajay Tyagi

Press Trust of India | By Press Trust of India
PUBLISHED ON JUN 21, 2018 06:03 PM IST
Chanda Kochhar and her family members are facing allegations of quid pro quo and conflict of interest with respect to a loan extended to certain entities.
Sandeep Bakhshi, who has been appointed for 5 years, was the managing director and CEO of ICICI Prudential Life Insurance Co.(HT Photo)
Sandeep Bakhshi, who has been appointed for 5 years, was the managing director and CEO of ICICI Prudential Life Insurance Co.(HT Photo)

Sandeep Bakhshi to run ICICI Bank while CEO Chanda Kochhar goes on leave amid probe

Hindustan Times, New Delhi | By HT Correspondent
UPDATED ON JUN 19, 2018 11:05 AM IST
ICICI Bank appointed Sandeep Bakhshi as director and chief operating officer for a period of 5 years.
There are allegations of involvement of ICICI Bank’s MD and CEO Chanda Kochhar and her family members in a loan provided to Videocon Group on a quid pro quo basis.(Reuters File)
There are allegations of involvement of ICICI Bank’s MD and CEO Chanda Kochhar and her family members in a loan provided to Videocon Group on a quid pro quo basis.(Reuters File)

Corporate affairs ministry begins inspecting NuPower, 5 other cos linked to ICICI Bank controversy

Press Trust of India, New Delhi | By Press Trust of India
PUBLISHED ON JUN 13, 2018 02:20 PM IST
The ministry ordered inspection under Section 206(5) of the Companies Act, 2013 on April 23, 2018 with respect to six companies linked to the ICICI Bank controversy, Union Minister P P Chaudhary said .
Deepak Kochhar, founder and CEO and manging director of NuPower Renewables Pvt. Ltd.(HT Photo)
Deepak Kochhar, founder and CEO and manging director of NuPower Renewables Pvt. Ltd.(HT Photo)

Corporate affairs ministry probing companies in ICICI Bank controversy: Report

Press Trust of India, New Delhi | By Press Trust of India
PUBLISHED ON JUN 07, 2018 12:51 PM IST
Last month, the board of ICICI Bank ordered an independent probe into allegations of ‘conflict of interest’ and ‘quid pro quo’ in MD and CEO Chanda Kochhar’s dealing with certain borrowers.
ICICI Bank is facing the heat in view of the allegations made against its CEO and MD Chanda Kochhar for allegedly providing loans on quid pro quo basis to benefit family members.(Abhijit Bhatlekar/ Mint)
ICICI Bank is facing the heat in view of the allegations made against its CEO and MD Chanda Kochhar for allegedly providing loans on quid pro quo basis to benefit family members.(Abhijit Bhatlekar/ Mint)

ICICI Bank begins hunt for new chairman as MK Sharma’s term nears completion

Press Trust of India, New Delhi | By Press Trust of India
PUBLISHED ON JUN 04, 2018 04:31 PM IST
Among various independent directors, seasoned banker and former Bank of Baroda chairman and managing director MD Mallya is set to be a front-runner to succeed Sharma.
Last month, ICICI Bank board expressed full confidence in Chanda Kochhar and ruled out any quid pro quo as alleged with regard to certain loan given to Videocon group.(Hemant Mishra/Mint)
Last month, ICICI Bank board expressed full confidence in Chanda Kochhar and ruled out any quid pro quo as alleged with regard to certain loan given to Videocon group.(Hemant Mishra/Mint)

SEBI serves notice to ICICI Bank CEO Chanda Kochhar in Videocon loan case

Press Trust of India, Mumbai | By Press Trust of India
UPDATED ON MAY 25, 2018 05:49 PM IST
ICICI Bank said the notice was issued based on information furnished by it/its MD & CEO to diverse queries made by SEBI concerning dealings between the bank and Videocon Group, and certain dealings allegedly between Videocon Group and Nupower.
A Nirav Modi showroom is pictured in New Delhi on February 15.(Reuters)
A Nirav Modi showroom is pictured in New Delhi on February 15.(Reuters)

CBI joint director probing Nirav Modi case repatriated to parent cadre

Hindustan Times, New Delhi | By Rajesh Ahuja
UPDATED ON MAY 24, 2018 09:51 PM IST
According to an order by the ministry of personnel, Rajiv Singh, who has been supervising the probe of bank fraud cases against Nirav Modi and Mehul Choksi, is being repatriated to Tripura at the request of the state government.
Deepak Kochhar is the founder and manging director of NuPower Renewables Private Ltd .(Company handout)
Deepak Kochhar is the founder and manging director of NuPower Renewables Private Ltd .(Company handout)

I-T dept issues fresh notice to Deepak Kochhar in Videocon loan case

Press Trust of India, New Delhi | By Press Trust of India, New Delhi
UPDATED ON APR 25, 2018 09:44 PM IST
The fresh notice to Deepak Kochhar had been issued in his individual capacity and it sought details of his personal finances and transactions.
ICICI’s board was aware of a 2016 Reserve Bank of India (RBI) probe on the Videocon loan issue, and considered that information before giving Kocchar a clean chit, said a source.(Abhijit Bhatlekar/ Mint)
ICICI’s board was aware of a 2016 Reserve Bank of India (RBI) probe on the Videocon loan issue, and considered that information before giving Kocchar a clean chit, said a source.(Abhijit Bhatlekar/ Mint)

ICICI Bank board plans more public disclosures to allay shareholders’ concerns

Livemint, Mumbai | By Anirudh Laskar, Jayshree P. Upadhyay and Gopika Gopakumar
PUBLISHED ON APR 13, 2018 01:57 PM IST
ICICI Bank is preparing a plan that includes more public disclosures related to conflict-of-interest allegations against CEO Chanda Kochhar in the Videocon loan case.
Deepak Kochhar, founder and CEO and manging director of NuPower Renewables Pvt. Ltd.(File Photo)
Deepak Kochhar, founder and CEO and manging director of NuPower Renewables Pvt. Ltd.(File Photo)

I-T dept issues second notice to Deepak Kochhar

Hindustan Times, New Delhi | By P Suchetana Ray
UPDATED ON APR 12, 2018 11:23 PM IST
The notices dovetail with a Central Bureau of Investigation preliminary enquiry concerning a suspected quid-pro-quo in a loan extended by ICICI Bank to the Videocon Group in 2012, and Videocon chairman Venugopal Dhoot’s investment (and subsequent transfer of ownership) in a company co-founded by him and Deepak Kochhar.
Chanda Kochhar was elevated as ICICI Bank Ltd’s chief executive officer in 2009. She sold or transferred her shares in Credential Finance before 2010, as records during 2010 to 2014 do not show her holding any shares in the firm.(AFP Photo)
Chanda Kochhar was elevated as ICICI Bank Ltd’s chief executive officer in 2009. She sold or transferred her shares in Credential Finance before 2010, as records during 2010 to 2014 do not show her holding any shares in the firm.(AFP Photo)

Chanda Kochhar, family’s links to Videocon group date back to at least 2001

Livemint, Mumbai | By Jayshree P. Upadhyay
UPDATED ON APR 11, 2018 11:38 AM IST
In 2001, a total of seven members of the Kochhar family together held 2% in a little-known firm called Credential Finance, along with Videocon group that held 17.74%.
Kochhar’s current tenure as CEO is set to end on March 31, 2019.(Abhijit Bhatlekar/Mint)
Kochhar’s current tenure as CEO is set to end on March 31, 2019.(Abhijit Bhatlekar/Mint)

ICICI Bank board said to be divided over CEO Chanda Kochhar’s future

Hindustan Times, New Delhi | By HT Correspondent
UPDATED ON APR 09, 2018 10:31 PM IST
At least some outside directors on the ICICI Board are opposed to Kochhar continuing in her role as ICICI Bank CEO, people with knowledge of the matter said. The bank has, however, denied the claim.
Rajiv Kochhar, the founder of Singapore-based Avista Advisory and brother-in-law of ICICI Bank MD and CEO Chanda Kochhar.(File photo)
Rajiv Kochhar, the founder of Singapore-based Avista Advisory and brother-in-law of ICICI Bank MD and CEO Chanda Kochhar.(File photo)

CBI questions Rajiv Kochhar, Dhoot’s aide in ICICI-Videocon loan case

Indo Asian News Service, Mumbai | By Indo Asian News Service
UPDATED ON APR 08, 2018 08:39 PM IST
Umanath Vainkut Nayak and Mahesh Chandra Pugalia, a close aide of Videocon Group chief Venugopal Dhoot, are the directors of NuPower, the company formed by Chanda Kochhar’s husband Deepak Kocchar and Dhoot in December 2008.
Rajiv Kochhar, the founder of Singapore-based Avista Advisory. He appeared at the CBI office in the Bandra Kurla Complex in Mumbai on Saturday morning in connection with Videocon loan case.(File Photo)
Rajiv Kochhar, the founder of Singapore-based Avista Advisory. He appeared at the CBI office in the Bandra Kurla Complex in Mumbai on Saturday morning in connection with Videocon loan case.(File Photo)

CBI questions Rajiv Kochhar, Venugopal Dhoot aide in Videocon loan case

Hindustan Times, New Delhi | By HT Correspondent
UPDATED ON APR 07, 2018 11:45 PM IST
Rajiv Kochhar was asked about the help he extended to Videocon in connection with the loan from ICICI Bank, which was part of a Rs 400-billion credit given by a consortium of 20 banks to the group of Venugopal Dhoot.
ICICI Bank’s CEO Chanda Kochhar has not been named in the CBI’s preliminary investigation into the Rs 3,250 crore loan given by the bank to Videocon Group. Her husband Deepak, however, is being investigated.(Abhijit Bhatlekar/ Mint File Photo)
ICICI Bank’s CEO Chanda Kochhar has not been named in the CBI’s preliminary investigation into the Rs 3,250 crore loan given by the bank to Videocon Group. Her husband Deepak, however, is being investigated.(Abhijit Bhatlekar/ Mint File Photo)

Foreign travel ban on Deepak Kochhar, Dhoot as CBI probes ICICI-Videocon loan

Hindustan Times, New Delhi | By Rajesh Ahuja, New Delhi
UPDATED ON APR 07, 2018 11:16 AM IST
Deepak Kochhar, husband of ICICI Bank’s CEO Chanda Kochhar, and Videocon Group promoter Venugopal Dhoot are under investigation for potential criminality in a Rs 3,250 crore loan sanction by the bank to the company.
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