Firstpost
  • Home
  • Video Shows
    Vantage Firstpost America Firstpost Africa First Sports
  • World
    US News
  • Explainers
  • News
    India Opinion Cricket Tech Entertainment Sports Health Photostories
  • Asia Cup 2025
Apple Incorporated Modi ji Justin Trudeau Trending

Sections

  • Home
  • Live TV
  • Videos
  • Shows
  • World
  • India
  • Explainers
  • Opinion
  • Sports
  • Cricket
  • Health
  • Tech/Auto
  • Entertainment
  • Web Stories
  • Business
  • Impact Shorts

Shows

  • Vantage
  • Firstpost America
  • Firstpost Africa
  • First Sports
  • Fast and Factual
  • Between The Lines
  • Flashback
  • Live TV

Events

  • Raisina Dialogue
  • Independence Day
  • Champions Trophy
  • Delhi Elections 2025
  • Budget 2025
  • US Elections 2024
  • Firstpost Defence Summit
Trending:
  • Charlie Kirk shot dead
  • Nepal protests
  • Russia-Poland tension
  • Israeli strikes in Qatar
  • Larry Ellison
  • Apple event
  • Sunjay Kapur inheritance row
fp-logo
ICICI Bank loan controversy: Justice BN Srikrishna panel to probe all property dealings by Kochhar family
Whatsapp Facebook Twitter
Whatsapp Facebook Twitter
Apple Incorporated Modi ji Justin Trudeau Trending

Sections

  • Home
  • Live TV
  • Videos
  • Shows
  • World
  • India
  • Explainers
  • Opinion
  • Sports
  • Cricket
  • Health
  • Tech/Auto
  • Entertainment
  • Web Stories
  • Business
  • Impact Shorts

Shows

  • Vantage
  • Firstpost America
  • Firstpost Africa
  • First Sports
  • Fast and Factual
  • Between The Lines
  • Flashback
  • Live TV

Events

  • Raisina Dialogue
  • Independence Day
  • Champions Trophy
  • Delhi Elections 2025
  • Budget 2025
  • US Elections 2024
  • Firstpost Defence Summit

ICICI Bank loan controversy: Justice BN Srikrishna panel to probe all property dealings by Kochhar family

FP Staff • September 3, 2018, 14:48:26 IST
Whatsapp Facebook Twitter

ICICI bank board has asked BN Srikrishna to examine whether properties and assets acquired by the Kochhar family were purchased at concessional or lower than prevailing market prices

Advertisement
Subscribe Join Us
Choose
Firstpost on Google
Choose
Firstpost on Google
ICICI Bank loan controversy: Justice BN Srikrishna panel to probe all property dealings by Kochhar family

The Justice BN Srikrishna panel, which is probing certain allegations against Chanda Kochhar, will also go through all property dealings by the Kochhar family since she took over as CEO of ICICI Bank, a media report said. ICICI Bank board has asked BN Srikrishna to examine whether properties and assets acquired by the Kochhar family were purchased at concessional prices, The Economic Times reported. “That is correct. I am heading an investigation into several allegations made by a whistleblower against her,” Justice Srikrishna was quoted as saying by the newspaper. The ICICI Bank MD and CEO currently is on an absence of leave from office, pending the probe against her on the allegations of favouring family members in lieu of providing loans to a corporate house. [caption id=“attachment_525499” align=“alignleft” width=“380”]A file photo of ICICI Bank, MD and CEO, Chanda Kochhar. Reuters A file photo of ICICI Bank, MD and CEO, Chanda Kochhar. Reuters[/caption] Kochhar is facing allegations of impropriety in ICICI Bank for allegedly extending loans to some companies and enjoying reciprocal benefits. It has been alleged that her family members, including her husband Deepak, got financial favours from the bank’s borrowers against the loans the private lender sanctioned. Market regulator Securities Exchange Board of India (SEBI) has already served a notice to Kochhar on dealings of the bank with Videocon Group and Nupower – a firm controlled by her husband. In June, former Supreme Court judge BN Srikrishna had accepted the lender’s request to preside over an  independent investigation . On 30 May, ICICI Bank, in a regulatory filing to the BSE,  said  that the scope of its enquiry would be comprehensive and include all relevant matters arising out of and in the course of examination of the facts and wherever warranted, “use of forensic/email reviews and recordal of statement of relevant personnel, etc.” would be done. The enquiry would also cover all connected matters in the course of the investigation to bring it to a final close. “In keeping with the Whistle Blower Policy of the bank, Board has mandated its audit committee to take all further actions in the matter to operationalise this decision – including in particular, appointment if an independent and credible person as Head of the Enquiry, determining the terms of reference of the Enquiry, the period which will be covered by the Enquiry,” the bank said. With inputs from agencies

Tags
NewsTracker SEBI ICICI Bank Chanda Kochhar Securities & Exchange Board of India Videocon Group BN Srikrishna deepak kochhar Nupower ICICI Bank loan controversy Videocon loan row
  • Home
  • Business
  • ICICI Bank loan controversy: Justice BN Srikrishna panel to probe all property dealings by Kochhar family
End of Article
Latest News
Find us on YouTube
Subscribe
  • Home
  • Business
  • ICICI Bank loan controversy: Justice BN Srikrishna panel to probe all property dealings by Kochhar family
End of Article

Top Stories

US ready to ‘impose costs’ on Russia if war in Ukraine drags on, says Hegseth

US ready to ‘impose costs’ on Russia if war in Ukraine drags on, says Hegseth

US tells Hamas to stop violence against Gaza civilians and disarm 'without delay'

US tells Hamas to stop violence against Gaza civilians and disarm 'without delay'

China seizes 60,000 maps mislabelling Taiwan, omitting South China Sea islands

China seizes 60,000 maps mislabelling Taiwan, omitting South China Sea islands

Syria’s Sharaa pledges to honor Russia ties, seeks economic and military support in Kremlin visit

Syria’s Sharaa pledges to honor Russia ties, seeks economic and military support in Kremlin visit

US ready to ‘impose costs’ on Russia if war in Ukraine drags on, says Hegseth

US ready to ‘impose costs’ on Russia if war in Ukraine drags on, says Hegseth

US tells Hamas to stop violence against Gaza civilians and disarm 'without delay'

US tells Hamas to stop violence against Gaza civilians and disarm 'without delay'

China seizes 60,000 maps mislabelling Taiwan, omitting South China Sea islands

China seizes 60,000 maps mislabelling Taiwan, omitting South China Sea islands

Syria’s Sharaa pledges to honor Russia ties, seeks economic and military support in Kremlin visit

Syria’s Sharaa pledges to honor Russia ties, seeks economic and military support in Kremlin visit

Top Shows

Vantage Firstpost America Firstpost Africa First Sports
Enjoying the news?

Get the latest stories delivered straight to your inbox.

Subscribe
Latest News About Firstpost
Most Searched Categories
  • Web Stories
  • World
  • India
  • Explainers
  • Opinion
  • Sports
  • Cricket
  • Tech/Auto
  • Entertainment
  • IPL 2025
NETWORK18 SITES
  • News18
  • Money Control
  • CNBC TV18
  • Forbes India
  • Advertise with us
  • Sitemap
Firstpost Logo

is on YouTube

Subscribe Now

Copyright @ 2024. Firstpost - All Rights Reserved

About Us Contact Us Privacy Policy Cookie Policy Terms Of Use
Home Video Shorts Live TV