ICICI Bank-Videocon case: Another high profile case going nowhere?
More than one year has passed since the CBI registered a FIR in this case but no chargesheet has been filed yet. Listen to this podcast to find out where the case is stuck
BS Web Team New Delhi
In January 2019 the CBI registered FIR against former ICICI Bank CEO Chanda Kochhar, her husband Deepak Kochhar and Videocon group MD Venugopal Dhoot. According to the FIR, there were irregularities in loans sanctioned by ICICI Bank to the Videocon group in 2012. This matter came to light due to a whistleblower who first raised questions in a blog in 2016.
Chanda Kochhar had sought early retirement from the bank after the matter had surfaced and in October 2018, the bank's board accepted her request. The board also said certain benefits to her will be subject to the outcome of enquiry panel headed by Justice BN Srikrishna. Soon after the CBI FIR in January 2019, a panel headed by Justice BN Srikrishna found that Chanda Kochhar had indeed violated the bank's code of conduct in the Videocon case.
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While the FIR was registered more than one year ago, the chargesheet is yet to be filed. Where is it stuck and what is taking it so long?
Shrimi Choudhary has reported on this case since it broke and in this podcast she answers some of these questions related to the case.
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First Published: Aug 11 2020 | 2:06 PM IST