Digging Deeper: The Fall of an Icon - Chanda Kochhar's Bad Loans
Episode 869, Feb 07, 2019, 08:28 AM
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Chanda Kochhar’s fortunes seem to be taking a turn for the worse. The former CEO and MD of ICICI, an industry legend until the scandal on the loan to Videocon broke, was found to be in violation of the bank’s code of conduct.
ICICI Bank reportedly extended Rs 3,250 crore to Videocon Group and the ensuing allegedly benefitted her husband, who gained in business from the Dhoots. The loan became dud and the entire group went bankrupt.