Chanda Kochhar, Former ICICI Bank CEO Arrested

Former ICICI Bank MD & CEO, Chanda Kochhar and her husband, Deepak Kochhar has been arrested by the Central Bureau of Investigation (CBI) for alleged cheating and irregularities in credit facility (loan) sanctioned to Videocon Group ten years ago in 2012. She had resigned from the post of MD & CEO in 2018 when the case was registered against her husband. She is alleged to have conspired and cheat the bank and received bribe through her husband for approving loan to the private company.  

ICICI Bank is India’s largest private sector bank.

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