Videocon loan was ICICI credit panel decision: Chanda Kochhar to ED

The ED is investigating trails of kickbacks allegedly paid by corporates to get loans sanctioned. Another round of questioning is likely next week

ICICI Bank former chief executive officer and managing director (CEO and MD) Cha­nda Kochhar has denied at least nine charges levelled by the Enforcement Direct­orate (ED) during her interrogation in connection with quid pro quo and violation of anti-money laundering laws, said a senior official. 

According to the official, she maintained her stand saying she was not solely responsible for sanctioning loans to corporates, and that it was a collective decision of the entire credit committee. However, the agency rebutted the argument, saying it has found strong evidence of quid pro quo in lieu of loans to companies. The agency has