The Supreme Court has requested responses from Chanda Kochhar, former MD of ICICI Bank, and her husband D ...More

The Supreme Court has requested responses from Chanda Kochhar, former MD of ICICI Bank, and her husband Deepak Kochhar regarding the CBI's appeal against a Bombay High Court ruling that deemed their arrest illegal in the Rs 3,250-crore Videocon loan fraud case. The High Court had criticized the CBI for what it saw as an abuse of power in the arrests and confirmed interim bail for the Kochhars. ...Less

The Supreme Court of India has issued a notice to former ICICI Bank CEO Chanda Kochhar and her husband De ...More

The Supreme Court of India has issued a notice to former ICICI Bank CEO Chanda Kochhar and her husband Deepak Kochhar on a CBI plea against the Bombay High Court's order declaring their arrest illegal. The couple was arrested in 2022 over an alleged loan fraud case involving Videocon Group and granted interim bail in January 2023. ...Less

Chanda Kochhar case: The Bombay High Court, in a highly-publicised case, came down heavily on the CBI for ...More

Chanda Kochhar case: The Bombay High Court, in a highly-publicised case, came down heavily on the CBI for the way it handled the arrests of the former ICICI Bank CEO and her businessman husband, calling out the course of action taken by the central agency in the case as "without application of mind and due regard to the law." ...Less

The Supreme Court has dismissed the CBI's plea challenging the Bombay High Court's interim bail order for ...More

The Supreme Court has dismissed the CBI's plea challenging the Bombay High Court's interim bail order for former ICICI Bank CEO Chanda Kochhar and her businessman-husband Deepak Kochhar in a loan fraud case. The court disposed of the plea after the high court confirmed its January 2023 interim order granting bail to the couple. The couple was arrested by the CBI on December 23, 2022, in the Videocon-ICICI Bank loan case. ...Less

Former ICICI Bank CEO and MD Chanda Kochhar has filed a petition in the Bombay High Court challenging the ...More

Former ICICI Bank CEO and MD Chanda Kochhar has filed a petition in the Bombay High Court challenging the board's approval to prosecute her in the Videocon loan case. Kochhar alleges that proper procedures were not followed in granting the sanction. She and her husband, arrested in December 2022, were later granted bail by the High Court in January 2023. The ICICI Bank board, acknowledging a possible quid pro quo, passed a resolution on April 22 granting the prosecution sanction. ...Less

The Supreme Court has asked Chanda Kochhar, former CEO of ICICI Bank, to respond to an appeal by the Cent ...More

The Supreme Court has asked Chanda Kochhar, former CEO of ICICI Bank, to respond to an appeal by the Central Bureau of Investigation (CBI) regarding her interim bail in the Videocon loan case. The CBI argues that the Bombay High Court's order granting her bail was "absolutely perverse." Kochhar and her husband were arrested by the CBI in December last year for their alleged involvement in granting loans to Videocon Group in exchange for investments in her husband's company. ...Less

A bench comprising Justices Bela M Trivedi and Satish Chandra Sharma took note of the submissions of seni ...More

A bench comprising Justices Bela M Trivedi and Satish Chandra Sharma took note of the submissions of senior advocate Amit Desai, appearing for the Kochhars, that he would like to appear physically before it to argue the case. Desai, who was appearing virtually from Mumbai, said there were some connectivity issues, and sought an adjournment. ...Less

The Supreme Court upheld a Bombay High Court order refusing to stay the termination of former ICICI Bank ...More

The Supreme Court upheld a Bombay High Court order refusing to stay the termination of former ICICI Bank CEO Chanda Kochhar. The court dismissed her plea seeking retirement benefits and entitlements like Employee Stock Options (ESOPs), which were allegedly revoked by the bank after her "illegal termination." The court stated that there was no case for interference. ...Less

The CBI presented the evidence against the accused while arguing for taking cognisance of the chargesheet ...More

The CBI presented the evidence against the accused while arguing for taking cognisance of the chargesheet filed by it in April against the Kochhar couple, Videocon Group chairman VN Dhoot and others. The court has adjourned the matter to July 12. Cognisance in legal parlance paves the way for commencement of trial against an accused. ...Less

The Supreme Court has issued a notice to former ICICI Bank CEO Chanda Kochhar and her husband Deepak Koch ...More

The Supreme Court has issued a notice to former ICICI Bank CEO Chanda Kochhar and her husband Deepak Kochhar regarding a plea challenging their interim bail in a loan fraud case. The plea filed by the CBI questions the assumption made by the Bombay High Court that the offense is punishable with a maximum of seven years imprisonment. The bench has given the Kochhars three weeks to respond. ...Less

The Supreme Court has questioned the CBI for not objecting to the repeated extension of bail granted to f ...More

The Supreme Court has questioned the CBI for not objecting to the repeated extension of bail granted to former ICICI Bank CEO Chanda Kochhar and her husband Deepak Kochhar in a loan fraud case. The court asked why the probe agency did not resist the extension of bail, which was originally granted for only two weeks. ...Less

The CBI has charged former ICICI Bank chief Chanda Kochhar under certain sections of the Prevention of Co ...More

The CBI has charged former ICICI Bank chief Chanda Kochhar under certain sections of the Prevention of Corruption Act for alleged misuse of her office and what the agency terms as illegal gratification. ...Less

A special court in India has taken cognizance of a charge sheet filed against former ICICI Bank CEO Chand ...More

A special court in India has taken cognizance of a charge sheet filed against former ICICI Bank CEO Chanda Kochhar and her husband Deepak Kochhar, and Videocon founder Venugopal Dhoot, for an alleged loan fraud of Rs 3,250 crore. The CBI named the accused in reference to criminal conspiracy and the Prevention of Corruption Act in 2019, and all accused have been summoned to the court on August 2. ...Less

The ICICI Bank suffered losses of more than Rs 1,000 crore when credit facilities provided to the Videoco ...More

The ICICI Bank suffered losses of more than Rs 1,000 crore when credit facilities provided to the Videocon Group turned into non-performing assets (NPAs), according to the CBI's charge sheet filed against the bank’s former CEO Chanda Kochhar, her husband Deepak Kochhar, and Videocon founder Venugopal Dhoot. ...Less

Chanda Kochhar, the former CEO of ICICI Bank, has filed a petition with the Supreme Court challenging her ...More

Chanda Kochhar, the former CEO of ICICI Bank, has filed a petition with the Supreme Court challenging her "illegal" termination. She is seeking retirement benefits and entitlements, including Employee Stock Options, which she claims were wrongfully revoked by the bank. Kochhar also wants the court to prevent the bank from interfering with her exercise of vested and unvested stock options. She alleges that the bank has no legal basis for its actions and that she has been subjected to persecution and harassment. The matter will be heard by the court in two weeks. ...Less

The special CBI court handling the case is verifying the chargesheet and other documents and after that w ...More

The special CBI court handling the case is verifying the chargesheet and other documents and after that will decide on taking cognisance of the chargesheet, the people said. Cognisance by the court is a must to start a trial. The ICICI Bank board had sanctioned the prosecution on April 22 and the CBI received the communication on May 15, the people told ET. ...Less

The Supreme Court on Wednesday agreed to examine CBI’s plea challenging Bombay High Court's order grantin ...More

The Supreme Court on Wednesday agreed to examine CBI’s plea challenging Bombay High Court's order granting interim bail to Videocon Group chairman Venugopal Dhoot. A bench of Justices A S Bopanna and M M Sundresh issued notice to Dhoot after taking note of the submission of Additional Solicitor General S V Raju, appearing for the CBI, that the bail was granted without examining the case diary. ...Less

ICICI Bank has defended its loans to Videocon Group companies, saying there was "no wrongful loss" to the ...More

ICICI Bank has defended its loans to Videocon Group companies, saying there was "no wrongful loss" to the bank and no violation of rules. The bank has reiterated its stance to the Central Bureau of Investigation regarding former CEO Chanda Kochhar, accused in a chargesheet along with her husband and others of causing the bank a loss of Rs 1,033 crore ($148m). ...Less

The probe agency, represented by special public prosecutor A Limosin, made this argument while urging the ...More

The probe agency, represented by special public prosecutor A Limosin, made this argument while urging the special court to take cognizance of the chargesheet filed against Chanda Kochhar, her husband Deepak Kochhar and others in a case pertaining to cheating and irregularities in sanctioning of loans to Videocon Group firms. ...Less

??The Bombay High Court later granted interim bail to the couple (Kochhars) and came down heavily on the ...More

??The Bombay High Court later granted interim bail to the couple (Kochhars) and came down heavily on the CBI for making the arrest in a "casual and mechanical" manner and without application of mind. The agency had also arrested Videocon group founder Venugopal Dhoot. ??He has also been granted interim bail. ...Less

Former ICICI Bank CEO and MD Chanda Kochhar and her husband Deepak Kochhar were released from jail on Jan ...More

Former ICICI Bank CEO and MD Chanda Kochhar and her husband Deepak Kochhar were released from jail on January 10 morning. ...Less

“The CBI should have acted much earlier. They filed this FIR in early 2019 and it took them three-four ye ...More

“The CBI should have acted much earlier. They filed this FIR in early 2019 and it took them three-four years to arrest the culprits and that too on such flimsy grounds that the high court had to release them. It appears that they solely arrested her just to disrupt the wedding and therefore probably for publicity.” ...Less

Chanda Kochhar's chapter at ICICI Bank ended abruptly in 2018 when the board of directors approved a requ ...More

Chanda Kochhar's chapter at ICICI Bank ended abruptly in 2018 when the board of directors approved a request from Kochhar to seek early retirement following allegation of corruption and quid pro-quo while extending loans to the now bankrupt Videocon Industries. ...Less

The Bombay High Court on Monday granted interim relief to former ICICI Bank MD & CEO Chanda Kochhar and h ...More

The Bombay High Court on Monday granted interim relief to former ICICI Bank MD & CEO Chanda Kochhar and her husband Deepak Kochhar in the ICICI Bank-Videocon case, observing that their arrests were not in accordance with the law. The Kochhar couple has termed their arrest as "illegal" on the ground that no sanction was obtained prior to the CBI action as required under provisions of the Prevention of Corruption Act (PCA). ...Less

Kochhar and her husband, Deepak, were arrested by the Central Bureau of Investigation on December 23. Ven ...More

Kochhar and her husband, Deepak, were arrested by the Central Bureau of Investigation on December 23. Venugopal Dhoot, chairman of Videocon, is also in CBI custody. ...Less

"In 2009, while VN Dhoot (of Videocon) transferred the ownership of the flat in CCI Chambers for ?11 lakh ...More

"In 2009, while VN Dhoot (of Videocon) transferred the ownership of the flat in CCI Chambers for ?11 lakh, in the same year, another flat in the same society was sold for ?10.6 crore. In subsequent years in 2010 and in 2019, flats in the same society have been sold for ?16 crore and ?18.50 crore, respectively," the person said, quoting the chargesheet. ...Less

The chargesheet, filed before a special CBI court in Mumbai, awaits prosecution sanction from the bank. T ...More

The chargesheet, filed before a special CBI court in Mumbai, awaits prosecution sanction from the bank. The CBI has invoked several sections under the Indian Penal Code, including Section 409, which carries a maximum sentence of life imprisonment. The case pertains to a ?1,800 crore loan sanctioned by ICICI to Videocon when Kochhar was heading the bank. ...Less

Chanda Kochhar, who is facing a probe over alleged irregularities in sanctioning loans to the Videocon Gr ...More

Chanda Kochhar, who is facing a probe over alleged irregularities in sanctioning loans to the Videocon Group, has been booked under certain sections of the Prevention of Corruption Act, along with charges of cheating and criminal conspiracy under the Indian Penal Code. Under the anti-corruption Act, prosecution needs the approval of a competent authority. ...Less

The Bombay High Court on Friday granted interim bail to arrested Videocon group chairman VN Dhoot. The Vi ...More

The Bombay High Court on Friday granted interim bail to arrested Videocon group chairman VN Dhoot. The Videocon founder had approached the high court after a division bench on January 9 granted bail to co-accused Chanda Kochhar, former managing director and chief executive officer of the ICICI bank, and her husband Deepak Kochhar. ...Less

8 CEOs who hit headlines for the wrong reasons in '22 ...More

8 CEOs who hit headlines for the wrong reasons in '22 ...Less

The revelation was part of the agency's reply filed while contesting an interim relief sought by Dhoot fo ...More

The revelation was part of the agency's reply filed while contesting an interim relief sought by Dhoot for release on bail and quashing of the first information report (FIR) filed by the CBI in the ICICI-Videocon loan fraud case. ...Less

Chanda Kochhar walked out of the Byculla women's prison in Mumbai, while her husband was released from th ...More

Chanda Kochhar walked out of the Byculla women's prison in Mumbai, while her husband was released from the Arthur Road jail, the official said. The HC ordered their release on a cash bail of Rs 1 lakh each. The CBI arrested Kochhars on December 23, 2022 in connection with the Videocon-ICICI Bank loan case. The couple had filed petitions in the Bombay High Court challenging their arrest, terming it as illegal and arbitrary. ...Less

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ICICI Chief Executive Officer (CEO) Chanda Kochhar and her husband Deepak Kochhar, who were arrested in c ...More

ICICI Chief Executive Officer (CEO) Chanda Kochhar and her husband Deepak Kochhar, who were arrested in connection with an alleged multi-crore money laundering scam, are likely to be released from jail on Tuesday. ...Less

Accordingly, the high court ordered the couple's release on a cash bail of Rs 100,000 each and furnishing ...More

Accordingly, the high court ordered the couple's release on a cash bail of Rs 100,000 each and furnishing a bond with surety of Rs 100,000 each within two weeks. Another co-accused in the same case, Videocon Group Ltd. Chairman V. N. Dhoot, who was also arrested later, continues to remain in judicial custody. The Kochhar couple was nabbed on December 23, after which a Mumbai Special CBI Court initially sent them to CBI custody and later on December 29, sent them to judicial custody. ...Less

The HC while ordering their release on cash bail of Rs.1 lakh each observed that the arrests was not in a ...More

The HC while ordering their release on cash bail of Rs.1 lakh each observed that the arrests was not in accordance with the law and not in compliance in section 41 (A) of the CrPC which details with issuance of notice by the investigating officer to the accused for appearances. ...Less

Bombay High Court on Friday reserved the order for next Monday on the pleas of Chanda and Deepak Kochhar ...More

Bombay High Court on Friday reserved the order for next Monday on the pleas of Chanda and Deepak Kochhar challenging their arrest and seeking an interim release. ...Less

The CBI, which had arrested Chanda, her husband Deepak Kochhar and Videocon group chairman VN Dhoot last ...More

The CBI, which had arrested Chanda, her husband Deepak Kochhar and Videocon group chairman VN Dhoot last month, stumbled upon the new loans during its ongoing probe into the six loans amounting to ?1,875 crore sanctioned between June 2009 and October 2011, the people told ET on condition of anonymity. ...Less

Multiple agencies are probing former ICICI Bank Managing Director Chanda Kochhar and her husband Deepak K ...More

Multiple agencies are probing former ICICI Bank Managing Director Chanda Kochhar and her husband Deepak Kochhar for suspected malfeasance in granting loans to Videocon Group. Kochhar and her husband, Deepak, were arrested by the CBI on December 23, and Venugopal Dhoot, Chairman of Videocon, is also in CBI custody. ...Less

A special CBI court in Mumbai on Thursday sent former ICICI Bank CEO and MD Chanda Kochhar, her husband D ...More

A special CBI court in Mumbai on Thursday sent former ICICI Bank CEO and MD Chanda Kochhar, her husband Deepak Kochhar and Videocon group founder Venugopal Dhoot to 14-day judicial custody in connection with a loan fraud case. While the Kochhars were arrested by the Central Bureau of Investigation (CBI) last Friday, Videocon's Dhoot was arrested on Monday. ...Less

The Kochhars were arrested on Friday and Dhoot was held on Monday in connection with the CBI probe into ? ...More

The Kochhars were arrested on Friday and Dhoot was held on Monday in connection with the CBI probe into ?1,730 crore of loans sanctioned by ICICI Bank to the Videocon Group when Chanda Kochhar was the lender's MD & CEO. ...Less

The probe agency arrested Kochhars last Friday after questioning them briefly. Dhoot was arrested on Mond ...More

The probe agency arrested Kochhars last Friday after questioning them briefly. Dhoot was arrested on Monday. All the three were produced before special judge S M Menjoge at the end of their earlier remand on Wednesday. The CBI, represented by special public prosecutor A Limosin, sought their custody for another two days for further probe into the case. ...Less

The high court, however, refused to grant an urgent hearing and directed the Kochhars to mention the matt ...More

The high court, however, refused to grant an urgent hearing and directed the Kochhars to mention the matter before the regular bench once it resumes after vacation. ...Less

A holiday court remanded Dhoot in CBI's custody till December 28. The court also extended the remand of C ...More

A holiday court remanded Dhoot in CBI's custody till December 28. The court also extended the remand of Chanda Kochhar and her husband Deepak who were arrested on Friday by three days. The CBI sought a three-day custody to confront the accused. ...Less

The eldest son of late Nandlal Madhavlal Dhoot, who founded the Videocon Group in 1984, Venugopal was lar ...More

The eldest son of late Nandlal Madhavlal Dhoot, who founded the Videocon Group in 1984, Venugopal was largely responsible for driving the conglomerate to diversify into various verticals, such as oil and gas, real estate and retail, beyond its successful consumer electronics and home appliances business. ...Less

The Central Bureau of Investigation on Monday arrested Videocon CEO Venugopal Dhoot in the alleged ICICI ...More

The Central Bureau of Investigation on Monday arrested Videocon CEO Venugopal Dhoot in the alleged ICICI Bank-Videocon money laundering case. The CEO was arrested from Mumbai. Earlier, the agency had arrested the former managing director and chief executive officer of ICICI Bank Chanda Kochhar and her husband Deepak Kochhar in connection with the case. ...Less

Chanda Kochhar and her husband Deepak Kochhar were arrested by the Central Bureau of Investigation (CBI) ...More

Chanda Kochhar and her husband Deepak Kochhar were arrested by the Central Bureau of Investigation (CBI) last week in connection with alleged cheating and irregularities in loans sanctioned by ICICI Bank to Videocon Group companies. A special court in Mumbai on Saturday remanded both of them to CBI custody until December 26. ...Less

The former banker is facing a probe for allegedly taking kickbacks through her husband's company for sanc ...More

The former banker is facing a probe for allegedly taking kickbacks through her husband's company for sanctioning of loans to the Videocon group when she was at the helm of ICICI Bank. ...Less

Former Managing Director (MD) and Chief Executive Officer (CEO) of the ICICI bank Chanda Kochhar and her ...More

Former Managing Director (MD) and Chief Executive Officer (CEO) of the ICICI bank Chanda Kochhar and her husband Deepak Kochhar have been remanded in Central Bureau of Investigation (CBI) custody till December 26. They were produced before a Special Court of the CBI in Mumbai for carrying forward remand proceedings. ...Less

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According to sources, Kochhars are being arrested in connection with the loan sanctioned by the private b ...More

According to sources, Kochhars are being arrested in connection with the loan sanctioned by the private bank when Chanda Kochhar was at its helm. The two are likely to be produced on Saturday before a special court for want of custody. ...Less

The court also asked Chanda Kochhar to submit details about all her assets within six weeks. The court wa ...More

The court also asked Chanda Kochhar to submit details about all her assets within six weeks. The court was hearing an application filed by Chanda Kochhar against her ex-employer ICICI Bank seeking specific performance commitments and contractual obligations promised to her post her early retirement in October 2018. ...Less

??Deepak Kochhar is lodged in Arthur Road Jail in central Mumbai, while Chanda Kochhar is housed in the n ...More

??Deepak Kochhar is lodged in Arthur Road Jail in central Mumbai, while Chanda Kochhar is housed in the nearby Byculla women's prison. ...Less

SAT has now directed Kochhar to file a fresh application before Sebi indicating the documents being sough ...More

SAT has now directed Kochhar to file a fresh application before Sebi indicating the documents being sought for inspection. It has asked Sebi to either provide the documents sought or pass appropriate order giving reasons as to why they cannot be provided. ...Less

Former ICICI CEO, Chanda Kochhar, has had her interim application dismissed by the Bombay High Court seek ...More

Former ICICI CEO, Chanda Kochhar, has had her interim application dismissed by the Bombay High Court seeking post-retirement benefits. The court noted that granting the relief requested would cause "irreparable harm and prejudice" to ICICI Bank, as it could result in the bank having to recover shares from Kochhar and/or its monetary equivalent. Kochhar had challenged a previous dismissal by a single bench of the high court, which had also directed her not to deal with the 6.90 lakh ICICI shares that she had acquired in 2018. The bank had initiated an inquiry into Kochhar in 2018 following a complaint regarding her alleged role in granting out of turn loans worth INR 3,250 crores to the Videocon Group, which benefitted her husband. ...Less

Asking Sebi to provide documents, the tribunal said that it was obligatory for the markets regulator to s ...More

Asking Sebi to provide documents, the tribunal said that it was obligatory for the markets regulator to supply all the minutes of the Sanctioning Committee meetings in respect of loan sanctioned to Videocon Group instead of partially supplying the minutes of those meetings where Kochhar was present. ...Less

A few days back, the probing agency had arrested former ICICI Bank CEO and MD Chanda Kochhar and her husb ...More

A few days back, the probing agency had arrested former ICICI Bank CEO and MD Chanda Kochhar and her husband Deepak Kochhar. The couple is scheduled to remain in CBI custody till today. However, the CBI has sought custody of the Videocon chairman for three days and of the couple for three more days. ...Less

The court was hearing an intervention application filed by the ICICI Bank, challenging a suit filed by Ko ...More

The court was hearing an intervention application filed by the ICICI Bank, challenging a suit filed by Kochhar in a commercial court. The bank had sought judicial intervention to direct her to approach the appropriate judicial forum to try the case. ...Less

Kochhar submitted in the Bombay High Court that ICICI Bank reneged from its contractual commitments and c ...More

Kochhar submitted in the Bombay High Court that ICICI Bank reneged from its contractual commitments and cannot terminate a person who has already retired. As per people in the know, the stock options due to Kochhar could run into over Rs 1,000 crore at current market value. ...Less

Regulators must be as answerable to the public, as the bodies they regulate are to them. By closing a six ...More

Regulators must be as answerable to the public, as the bodies they regulate are to them. By closing a six-year investigation into allegations of collusion, corruption, nepotism and complacency at NSE, with minor fines and unanswered questions, the SEBI has displayed extraordinary leniency. ...Less

Hikes and bonuses will now be linked directly to the bank's performance, meaning increases for most staff ...More

Hikes and bonuses will now be linked directly to the bank's performance, meaning increases for most staff will be identical and will be directly related to its profitability, two people familiar with the development said. The HR policy restructuring is an extension of its vision under chief executive Sandeep Bakhshi focused on "one bank. ...Less

The ED has alleged that Deepak Kochhar “had indulged in pressuring and influencing the witness and even e ...More

The ED has alleged that Deepak Kochhar “had indulged in pressuring and influencing the witness and even ensuring that he (witness) submits false evidence/information before” the ED. ...Less

Before the adjournment, lawyers for Kochhar informed the court that the Special PMLA (Prevention of Money ...More

Before the adjournment, lawyers for Kochhar informed the court that the Special PMLA (Prevention of Money Laundering Act) court had listed the matter for framing of charges on October 1, and hence there is an urgency in the matter. ...Less

The ED registered the money laundering case following an FIR registered by the Central Bureau of Investig ...More

The ED registered the money laundering case following an FIR registered by the Central Bureau of Investigation (CBI) against the Kochhars, Videocon Group promoter Venugopal Dhoot and others. The central investigation agency is investigating the alleged involvement of Kochhar’s and their business entities for ‘illegal sanctioning of a loan of about Rs 1,875 crore to Videocon Group firms.’ ...Less

ICICI Bank on Tuesday said that the Reserve Bank of India approved the re-appointment of Sandeep Bakhshi ...More

ICICI Bank on Tuesday said that the Reserve Bank of India approved the re-appointment of Sandeep Bakhshi as managing director & CEO for another two years. The appointment is effective from October 15, 2021, to October 3, 2023. ...Less

The court, set up under the Prevention of Money Laundering Act, fixed September 6 for farming of charges ...More

The court, set up under the Prevention of Money Laundering Act, fixed September 6 for farming of charges in the ICICI Bank-Videocon money laundering case. ??The other accused in the case include Chanda Kochhar's husband Deepak Kochhar and Videocon Group promoter Venugopal Dhoot. ...Less

Taking cognisance of the Enforcement Directorate's chargesheet against the trio, the court said the mater ...More

Taking cognisance of the Enforcement Directorate's chargesheet against the trio, the court said the material produced by the investigating agency constitutes offences under PMLA. ...Less

The nature of governance lapses on the part of some of the female CEOs in India point to the glaring need ...More

The nature of governance lapses on the part of some of the female CEOs in India point to the glaring need of coaching, sensitisation and career development, especially for women CEOs, as they try and juggle their personal and professional lives. The baggage of social conditioning, cultural nuances and unconscious biases need to be unlearned in the process. ...Less

The matter pertains to a show-cause notice issued by the regulator to Kochhar on the basis of an analysis ...More

The matter pertains to a show-cause notice issued by the regulator to Kochhar on the basis of an analysis of a report by retired Justice B N Srikrishna. ...Less

This former employee had pointed out alleged discrepancies in a loan deal between ICICI Bank under Chanda ...More

This former employee had pointed out alleged discrepancies in a loan deal between ICICI Bank under Chanda Kochhar and to Venugopal Dhoot’s Videocon, the Bombay High Court, citing the Enforcement Directorate’s submissions, noted in its judgement while granting bail to Deepak Kochhar in the money-laundering case. ...Less

The bail application was moved by Dhoot’s lawyer Sandeep Ladda at the court of additional sessions judge ...More

The bail application was moved by Dhoot’s lawyer Sandeep Ladda at the court of additional sessions judge AA Nandgaonkar seeking relief from arrest for the 70 year old Dhoot on grounds of his age and ill health during the course of the trial. ...Less

Special PMLA Judge AA Nandgoankar took cognisance of the complaint filed by ED on Saturday and directed a ...More

Special PMLA Judge AA Nandgoankar took cognisance of the complaint filed by ED on Saturday and directed all the accused to remain present before it on February 12. ...Less

The provisional attachment of assets worth over Rs 78 crore of former ICICI Bank chief Chanda Kochhar and ...More

The provisional attachment of assets worth over Rs 78 crore of former ICICI Bank chief Chanda Kochhar and her businessman husband Deepak by the Enforcement Directorate (ED) is awaiting confirmation by the agency’s adjudicating authority. ...Less

Former head of ICICI Bank Chanda Kochhar had in 2009 told Videocon group chairman V N Dhoot, whose loan a ...More

Former head of ICICI Bank Chanda Kochhar had in 2009 told Videocon group chairman V N Dhoot, whose loan applications had been pending with the bank, to invest money in her husband Deepak’s company, said the Enforcement Directorate (ED) in its chargesheet filed recently. ...Less

The bench was hearing Kochhar's appeal against the March 5 order of the high court which had dismissed th ...More

The bench was hearing Kochhar's appeal against the March 5 order of the high court which had dismissed the plea against termination of her services as managing director and CEO of ICICI Bank while noting that the dispute arises from a contract of personal service. ...Less

The Appellate Tribunal ordered that the nature of the properties will not be altered by the Kochhars and ...More

The Appellate Tribunal ordered that the nature of the properties will not be altered by the Kochhars and also directed the ED to maintain status quo till the next date of hearing in February. Kochhars' oppose maintainability of ED's appeal ...Less

The federal agency informed the court that the case is still being investigated and responses to letters ...More

The federal agency informed the court that the case is still being investigated and responses to letters rogatory sent to four countries on certain transactions are awaited. ...Less

ED has recently filed a charge sheet against Kochhar, Deepak Kochhar and Videocon Group promoter Venugopa ...More

ED has recently filed a charge sheet against Kochhar, Deepak Kochhar and Videocon Group promoter Venugopal Dhoot on money laundering charges. ...Less

Chanda Kochhar has also said she was just one of the 31 senior executives who were part of credit approva ...More

Chanda Kochhar has also said she was just one of the 31 senior executives who were part of credit approval committees that had approved loans to the group from 2009 to 2018. ...Less

The businessman, through his lawyer, applied for bail on merits as well as on account of default, claimin ...More

The businessman, through his lawyer, applied for bail on merits as well as on account of default, claiming the prosecution has failed to file a charge-sheet in the case within stipulated period. ...Less

The ED had earlier said an amount of Rs 64 crore, out of the loan amount of Rs 300 crore sanctioned by a ...More

The ED had earlier said an amount of Rs 64 crore, out of the loan amount of Rs 300 crore sanctioned by a committee headed by Chanda Kochhar to Videocon International Electronics Limited, was transferred to Nupower Renewables Pvt Ltd (NRPL) by Videocon Industries Limited. ...Less

“Chanda Kochhar has resigned. We will be processing it and move as per the laid down procedure to appoint ...More

“Chanda Kochhar has resigned. We will be processing it and move as per the laid down procedure to appoint the IIIT’s new chairperson,” a senior human resource development ministry official told. Kochhar had sent in her resignation to the ministry on Tuesday, people aware of the development said. ...Less

The ED had arrested Kochhar on September 7 under the provisions of the Prevention of Money Laundering Act ...More

The ED had arrested Kochhar on September 7 under the provisions of the Prevention of Money Laundering Act (PMLA) in connection with the ICICI Bank-Videocon money laundering case probe. ...Less

Kochhar was arrested on September 7 in Mumbai and remanded to police custody until September 19. The next ...More

Kochhar was arrested on September 7 in Mumbai and remanded to police custody until September 19. The next day he was taken to Delhi for further investigation as the PMLA case is registered with the Delhi unit of the agency. On September 14, Kochhar tested Covid positive. The ED then moved the court which transmitted the accused to judicial custody. ...Less

Kochhar was arrested after the latest round of questioning pertaining to fresh evidence that the agency h ...More

Kochhar was arrested after the latest round of questioning pertaining to fresh evidence that the agency has stumbled upon recently, people in the know said. Kochhar was confronted with documents that the people said were related to a money trail concerning his company, NuPower Renewables. ...Less

Deepak Kochhar has alleged that ED has not followed the procedure prescribed under law and a copy of the ...More

Deepak Kochhar has alleged that ED has not followed the procedure prescribed under law and a copy of the FIR has not been supplied to him till date. ...Less

A special Prevention of Money Laundering (PMLA) court here on Saturday allowed businessman Deepak Kochhar ...More

A special Prevention of Money Laundering (PMLA) court here on Saturday allowed businessman Deepak Kochhar’s request to get treated at a private hospital in Delhi for Covid-19. ...Less

Kochhar’s counsel Vijay Aggarwal informed the High Court that the federal agency has moved Kochhar from A ...More

Kochhar’s counsel Vijay Aggarwal informed the High Court that the federal agency has moved Kochhar from AIIMS Delhi to AIIMS Jhajjar for treatment of Covid-19. Kochhar was tested Covid-19 positive on September 14. He was remanded to custodial interrogation of ED on September 8 by a Mumbai Court. ...Less

Kochhar’s counsel, Vijay Aggarwal had met Kochhar twice between September 10 and September 13. When reach ...More

Kochhar’s counsel, Vijay Aggarwal had met Kochhar twice between September 10 and September 13. When reached for a comment, Aggarwal said, “Taking my client to Delhi was illegal. They have put me and themselves at risk. The investigative agency shouldn’t had indulge in such heroic act,” he said. He refused to comment on the condition of his client. ...Less

The Mumbai apartment was acquired for Rs 5.25 crore in February 1996 by Credential Finance Ltd (CFL), in ...More

The Mumbai apartment was acquired for Rs 5.25 crore in February 1996 by Credential Finance Ltd (CFL), in which the Videocon Group had a substantial interest along with the Kochhar family, according to the ED’s remand application that was reviewed by ET. ...Less

Having obtained Deepak Kochhar’s remand till September 19, the federal agency will take him to Delhi offi ...More

Having obtained Deepak Kochhar’s remand till September 19, the federal agency will take him to Delhi office to join the investigation. In its remand paper, accessed by ET, the Enforcement Directorate has said that custodial interrogation “which is qualitatively more elicitation-oriented of Deepak Kochhar is absolutely necessary”. ...Less

The ED had filed the money-laundering case in January 2019, after CBI booked the Kochhars, Videocon Group ...More

The ED had filed the money-laundering case in January 2019, after CBI booked the Kochhars, Videocon Group chairman Venugopal Dhoot and six others over alleged quid pro quo in loan transactions between ICICI Bank and Videocon. The CBI had accused Chanda Kochhar of receiving a kickback through her husband from Videocon for sanctioning loans. ...Less

Before Deepak Kochhar’s arrest on Monday, the federal agency had asked Deepak Kochhar to explain the said ...More

Before Deepak Kochhar’s arrest on Monday, the federal agency had asked Deepak Kochhar to explain the said nine transactions. ...Less

Additional District Judge Sandeep Garg passed the directions on a complaint filed through advocate Vijay ...More

Additional District Judge Sandeep Garg passed the directions on a complaint filed through advocate Vijay Aggarwal, who claimed that the content of the film was "defamatory" as "it makes insinuations and judgments about the life of the plaintiff ". The court issued notice to the producer, director and others associated with the film for November 26. ...Less

The Supreme Court on Monday declined to entertain a petition by Chanda Kochhar challenging her terminatio ...More

The Supreme Court on Monday declined to entertain a petition by Chanda Kochhar challenging her termination as MD & CEO of ICICI Bank, and also a decision to deny her bonus. ...Less

All India Bank Employees' Association (AIBEA) in a letter to RBI Governor Shaktikanta Das alleged that as ...More

All India Bank Employees' Association (AIBEA) in a letter to RBI Governor Shaktikanta Das alleged that as per media reports, in the FIR filed by the CBI, in addition to the name of former managing director of ICICI Bank Chanda Kochhar, the name of Kamath also appears. ...Less

As reported by ET on Thursday, the ED is set to soon file its first charge sheet in the case. Chanda Koch ...More

As reported by ET on Thursday, the ED is set to soon file its first charge sheet in the case. Chanda Kochhar has yet to file her response to the notice, said people in the know. ...Less

The agency had registered the case in February, days after the CBI booked the Kochhars and Videocon MD Ve ...More

The agency had registered the case in February, days after the CBI booked the Kochhars and Videocon MD Venugopal Dhoot over alleged quid pro quo in loan transactions between ICICI Bank and the conglomerate when Kochhar was the bank’s head. ...Less

The banking reforms that started in 2015 in right earnest has achieved a lot. But a lot more needs to be ...More

The banking reforms that started in 2015 in right earnest has achieved a lot. But a lot more needs to be done. This is probably the best time to complete the half done banking sector reforms as activity in the banking sector is at an all time low. ...Less