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BusinessToday.In
New Delhi, May 25, 2018
The bank said an \"appropriate response\" would be submitted to Sebi. The country's second-largest private lender has been embroiled in controversies ever since investor and whistleblower Arvind Gupta alleged a 'quid pro quo' in ICICI Bank's Rs 3,250 crore plus Rs 660 crore loans to Venugopal Dhoot-owned Videocon Industries.


BusinessToday.In
Mumbai, May 9, 2018
Deepak Kochhar, the founder of NuPower Technologies Pvt Ltd and husband of ICICI Bank's MD and CEO Chanda Kochhar, has been questioned thrice in last four working days by the investigation wing of Income Tax Department in Mumbai.


BusinessToday.In
May 8, 2018
ICICI Bank on Monday posted a 49.62 per cent drop in Q4 net profit to Rs 1,020 crore as against Rs 2,025 crore in the year-ago quarter.


BusinessToday.In
May 7, 2018
The board meeting assumes significance amid allegations of conflict of interest against the lender's CEO Chanda Kochhar and her husband Deepak Kochhar in the ICICI-Videocon loan case.


BusinessToday.In
May 6, 2018
The development comes almost a month after the tax authority had asked Deepak Kochhar to furnish all the details regarding personal finances, income tax returns, and business dealings withNuPower Renewables.


BusinessToday.In
New Delhi, April 25, 2018
Before this, the taxman had sent two notices to Kochhar, who is also the husband of ICICI Bank MD and CEO Chanda Kochhar, seeking financial details about his role as the Managing Director of NuPower Renewables, an independent power producer in the renewable energy sector.


Rajeev Dubey
New Delhi, April 23, 2018
Whistleblower Arvind Gupta had alleged that during December 2010 and March 2012, Firstland Holdings, Mauritius, invested Rs 325 crore (10% of the first loan amount) in NuPower; in 2014, that investment was transferred to Mauritius' DH Renewables, which invested another Rs 66 crore (10% of the second loan) in NuPower.


BusinessToday.In
New Delhi, April 23, 2018
The big question is whether such non-declaration violates the provisions of Section 184 of the Companies Act, 2013. The latter stipulates that every director of a company (both public and private) shall disclose their interest in third parties. That is what the probe agencies want to look into.


BusinessToday.In
April 23, 2018
The enquiry was ordered after whistle-blower Arvind Gupta had accused Chanda Kochhar of extending loans to the Videocon Group both in India and abroad through companies established in tax heavens like the Cayman Islands and Mauritius.


BusinessToday.In
April 13, 2018
Last month, the I-T dept had asked Deepak Kochhar to furnish all the details regarding personal finances, income tax returns for the past many years, and business transactions with NuPower Renewables. However, Kochhar submitted incomplete information through a representative.


www.businesstoday.in
April 12, 2018



Aseem Thapliyal
April 12, 2018
On March 28, the stock closed at 278 level on BSE after the bank board countered allegations of a quid-pro-quo in sanctioning of Rs 3,250 crore loan to the Videocon Group,  and backed CEO Chanda Kochhar, saying that no individual employee, irrespective of his or her position, has the ability to influence credit decision at the bank.


BusinessToday.In
April 10, 2018
Global ratings agency Fitch on Monday warned the second largest private bank of a 'potential risk of financial penalties' if the probe agencies come up with findings against Chanda Kochhar.


PTI
April 10, 2018
The Central Bureau of Investigation has initiated a preliminary enquiry into the matter to check any wrongdoing, while other agencies, including the Enforcement Directorate, are also investigating the case.


BusinessToday.In
April 9, 2018
The investors are worried about value erosion in the bank as uncertainties cloud its operations and potential liabilities make future earnings unpredictable.


BusinessToday.In
New Delhi, April 9, 2018
Following the Videocon loan case, the board had met on March 28 and April 2, but a few directors were not present in the meetings


PTI
New Delhi, April 8, 2018
The CBI questioned Mahesh Chandra Punglia, closely associated with Videocon group in connection with ICICI Bank's Rs 3,250 crore loan to the Group in 2012, as the examination of Rajiv Kochhar, ICICI Bank MD and CEO Chanda Kochhar's brother-in-law, continued for the third day today, officials said here.


PTI
New Delhi, April 7, 2018
The questioning of Rajiv Kochhar, ICICI Bank MD and CEO Chanda Kochhar's brother-in-law, by the CBI started on the third consecutive day today in connection with the banks Rs 3,250 crore loan to Videocon Group in 2012, officials here said.


Rajeev Dubey
New Delhi, April 6, 2018
The ICICI Bank chief has been accused of favouritism, conflict of interest and quid pro quo. However, Deepak on Friday said that Chanda was not even aware of his business dealings with Dhoot.


BusinessToday.In
New Delhi, April 6, 2018
Rajiv Kochhar reportedly taken to CBI's Bandra office where he was grilled for six hours in connection with ICICI Bank's alleged quid pro quo loan of Rs 3,250 crore to Videocon Group in 2012 as well as his links with Venugopal Dhoot, the promoter of the Videocon Group.


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