New Delhi: Chanda Kochhar, who was jailed for a cash-for-loan fraud on Friday, was once a powerful banker and critical in making ICICI Bank the nation’s most significant economic sector lending institution.
Kochhar, a routine function on Forbes top worldwide top dogs checklists, was apprehended by the Central Bureau of Investigation (CBI) in addition to her hubby Deepak Kochhar in connection with supposed unfaithful and abnormalities in lendings approved by ICICI Financial institution to Videocon Group companies. Kochhars were contacted us to the company headquarters and apprehended after a short questioning session.
Her phase at ICICI Financial institution finished abruptly in 2018 when the board of supervisors authorized a request from Kochhar to seek early retirement following allegation of corruption and quid pro-quo while expanding finances to the currently insolvent Videocon Industries.
