Chanda Kochhar-Videocon fraud case: A ₹3,250 cr loan, ₹64 cr bribe & ICICI's top banker's alleged role in it
The ICICI Bank-Videocon loan fraud case saw Chanda Kochhar, former CEO, found guilty. She accepted a ₹64 crore bribe for sanctioning a ₹300 crore loan. The appellate tribunal upheld the Enforcement Directorate's charges. It termed the transaction a quid pro quo. Allegations include conflict of interest and misuse of position. The case involves loan sanctions and financial trails.