Deepak Kochar, husband of former ICICI Bank MD & CEO Chanda Kochar, being taken to a PMLA (Prevention of Money Laundering Act) court by the Enforcement Directorate officials in con...
PTI Photo/Mitesh Bhuvad
ICICI Executive Director Anup Bagchi addresses a press conference in Lucknow.
PTI Photo/Nand Kumar
Former ICICI Bank CEO Chanda Kochhar along with her husband Deepak Kochhar arrives to appear before Enforcement Directorate (ED) in connection with a bank loan fraud and money laun...
PTI Photo/Manvender Vashist
Former ICICI Bank CEO Chanda Kochhar and her husband Deepak Kochhar arrive to appear before Enforcement Directorate (ED) in connection with a bank loan fraud and money laundering c...
PTI Photo/Manvender Vashist
Cartoon by R Prasad
Interrogation
Rajiv Kochhar arrives at the CBI’s Mumbai office
Photograph by Indian Express Archive
In Happier Times
Shikha Sharma (left) and Chanda Kochhar (right) at an event in 2012
Photograph by PTI
MD & CEO of ICICI Bank Chanda Kochhar, participating in a Swachhta Hi Seva campaign in Mumbai.
PTI Photo
Union Finance Minister Arun Jaitley with IBA Chairman Rajeev Rishi and Dy Chairman & CEO, ICICI Bank, Chanda Kochhar at the 70th Annual General Meeting of Indian Banks Association ...
PTI Photo by Shashank Parade
The residence of founder and executive chairman of NDTV, Prannoy Roy, where the Central Bureau of Investigation (CBI) conducted raids in connection with a case in which it was alle...
PTI Photo by Vijay Verma
The residence of founder and executive chairman of NDTV, Prannoy Roy, where the Central Bureau of Investigation (CBI) conducted raids in connection with a case in which it was alle...
PTI Photo by Vijay Verma
Union Minister of Finance, Defence & Corporate Affairs Arun Jaitley with ICICI Bank's MD & CEO Chanda Kochhar at the launch of ‘100 ICICI Digital Villages’, the ICICI Group’s...
Photo by Tribhuvan Tiwari/Outlook
Union Minister of Finance, Defence & Corporate Affairs Arun Jaitley with ICICI Bank's MD & CEO Chanda Kochhar at the launch of ‘100 ICICI Digital Villages’, the ICICI Group’s...
Photo by Tribhuvan Tiwari/Outlook
Union Minister of Finance, Defence & Corporate Affairs Arun Jaitley at the inauguration of the ‘100 ICICI Digital Villages’, the ICICI Group’s Rural Initiative, in New Delhi.
Of the total 53,334 cases of frauds reported during 2008-09 and 2018-19 fiscal years, involving a whopping Rs 2.05 lakh crore, the highest of 6,811 were reported by the ICICI Bank involving Rs 5,033.81 crore.
Sources said that former ICICI Bank CEO, Chanda Kochhar is required to assist the investigating officer of the case in taking the probe forward, and her statement will be recorded under the Prevention of Money Laundering Act (PMLA).
Chanda Kochhar has been summoned for May 3, Deepak and his brother Rajiv have been asked to depose on April 30 before the investigating officer of the case and record their statements.
Chanda Kochhar stepped down from the post of CEO and MD on October 4 last year after expose of the loan saga. Her tenure in the bank was to end this March.
The enquiry report submitted by Justice (Retd) B N Srikrishna on Wednesday concluded that there was lack of diligence with respect to annual disclosures and violation of code of conduct, on Kochhar's part.