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Need more disclosures: Full enquiry by investigation agencies is called for

Venugopal Dhoot's public statements seem to be at variance with the facts as disclosed

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Deepak Kochhar

Business Standard Editorial Comment 

The Central Bureau of Investigation (CBI) has reportedly registered a preliminary enquiry against Deepak Kochhar, husband of ICICI Bank Managing Director (MD) and Chief Executive Officer Chanda Kochhar, and Venugopal Dhoot, chairman of the Videocon group, to verify the Rs 32.5-billion loan to the company in 2012. To be sure, this does not yet prove any wrongdoing: A preliminary enquiry is short of even a First Information Report.

And Ms Kochhar is not under enquiry. On its part, the board of ICICI Bank last week strongly backed the MD, and refuted what it called rumours. In its defence of ...

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First Published: Mon, April 02 2018. 05:56 IST
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