Chanda kochhar: An appellate tribunal has upheld

An appellate tribunal has upheld a 2020 Enforcement Directorate (ED) order against former ICICI Bank CEO and MD Chanda Kochhar and her husband for giving loan to the Videocon group, observing a “prima facie” case of money laundering that involved a flat in Mumbai’s Churchgate and a Rs 64 crore ... Chanda Kochhar's career, marked by pioneering achievements in Indian banking, dramatically collapsed due to corruption allegations. Rising from a management trainee to CEO of ICICI Bank, she earned global recognition before being embroiled in a scandal involving a quid pro quo loan to Videocon. Ex ICICI bank CEO Chanda Kochhar: Chanda Kochhar, former CEO of ICICI Bank, has been found guilty of taking a ₹64 crore bribe for clearing a ₹300 crore loan to Videocon in 2009. The PMLA Appellate Tribunal ruled the money was a kickback, routed through her husbands company, and reversed a 2020 order that had cleared her. Assets linked to the Kochhars have been reattached. The CBI and EDs long-running case now heads to trial, with the Supreme Court reviewing the Kochhars interim bail. Chanda Kochhar, former CEO of ICICI Bank, faces significant legal trouble after a tribunal ruled that she accepted a bribe of approximately $7.7 million for approving a $36 million loan to the Videocon Group in 2009. In a major setback to former ICICI Bank CEO and Managing Director Chanda Kochhar, a ...