Podcast | Pick of the day - Has CBI finally caught up with Chanda Kochhar
The Central Bureau of Investigation (CBI) has made it official, and categorically named names in the ICICI Bank-Videocon loan case.
The most damning statement that has been issued is that ICICI Bank’s former managing director and chief executive officer Chanda Kochhar abused her official position to sanction a loan in favour of Videocon International Electronics.
Kochhar, her husband Deepak, and some of his firms have been named as “accused” in the Rs 3,250-crore case.
We have been following this story here on MoneyControl but this may be the most significant plot twist so far in this sprawling, unwieldy saga.