ED chargesheet in ICICI Bank-Videocon loan case: “Chanda Kochhar and her husband Deepak Kochhar had close relationship and prior acquaintance with VN Dhoot. Chanda Kochhar was also a shareholder in a company in which Dhoot / Videocon Group had substantial shareholding.
Contd: “Chanda Kochhar was living in a flat which was owned by the companies of Videocon Group.” #EDchargehseet #ICICIBank #Videocon
Contd: “Chanda Kochhar neither disclosed these facts to ICICI Bank nor recused herself from the committees of ICICI Bank recommending / sanctioning loans to Videocon Group of Companies.” #EDChargesheet #ICICIBank #Videocon
Contd: “Chanda Kochhar was the chairperson of the sanctioning committee of ICICI Bank which sanctioned loan of Rs 300 cr to Videocon International Electronics Limited.” #EDChargesheet #ICICI #Videocon
Contd: “VIEL transferred Rs 64 cr out of the loan funds received from ICICI Bank to a company controlled and beneficially owned by Deepak Kochhar.” #EDChargesheet #ICICIBank #Videocon
Contd:”Other than the loan of Rs 300 cr, 5 other high value loans worth Rs 1,575 cr were sanctioned and disbursed by ICICI Bank to Videocon Group between 2009-11. This is when Chanda Kochhar was the MD and CEO of ICICI Bank.” #EDChargesheet #ICICIBank #Videocon
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