Chanda Kochhar skips ED date; to be summoned again



The agency is also preparing to analyse the details of assets of the Kochhars and others so that they can be provisionally attached under the Prevention of Money Laundering Act



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Kochhar contests bonus clawback, ESOP termination



Until June 2018, the ICICI Bank board had given a clean chit to Kochhar with full backing and had said there was no question of favouritism, nepotism or conflict of interest on her part in granting loans to Videocon Industries or any other company.



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ED summons Chanda Kochhar on May 3



ED orders Chanda Kochhar to appear with asset lists also provide income-tax returns in her individual capacity and of companies if she was a director or held any position.



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Deepak Kochhar's assets may come under I-T lens



In April last year, tax authorities had questioned Deepak Kochhar over a Rs 405-crore investment by Accion Diversified Strategies Fund through its Mauritius subsidiary, DH Renewables Holding



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Why it will be difficult to prove Kochhar's 'guilt'



Regulators and investigators around the world have access to sophisticated tools making it possible to detect white collar crimes. This is where Indian investigators and regulators have been found wanting, says Sudipto Dey.



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CBI issues lookout notice against Chanda Kochhar



It is alleged that during the tenure of Chanda Kochhar, six loans worth Rs 1,875 crore were cleared for the Videocon Group and its associated companies, in which in two cases she herself was on the sanctioning committees.



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Alas, Kochhar is NOT kosher



‘I am not surprised that hubris brought Chanda Kochhar down. It would appear that as a person she thought she could do no wrong and as a leader she considered herself above what her company demanded of others in terms of financial probity and honesty. That, my friends, is NOT a good way for a leader to feel,’ says S Muraleedharan, former managing director, BNP Paribas.



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Chanda Kochhar and 'clawback provisions'



‘If she contests it, then these people will have to fight it in court.’



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ICICI Bank board draws flak for giving clean chit to Kochhar



A corporate lawyer said that this is the biggest failure of corporate governance in this country. He pointed out that American investors can even take the bank to court for giving false statements to stock exchanges and even file class action suits. Some even questioned how RBI overlooked Kochhar’s misdeed.



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Kochhar says hurt and shocked by her termination, penalties



Interestingly, in March 2018, the same board of ICICI Bank had given a clean chit to Kochhar with full-backing and had said there was no question of favouritism, nepotism or conflicts of interest on her part in granting loans to Videocon Industries or any other company.



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