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ICICI Loans To Videocon Group: Poor Lending Decisions Or Quid Pro Quo?
BloombergQuint reviewed RoC filings of the four Videocon Industries’ subsidiaries to whom loans were granted by ICICI Bank.
14 Feb 2019, 02:40 PM IST
The Central Bureau of Investigation’s first information report in the ICICI Bank Ltd.-Videocon loan case red flagged six high value loans given to Videocon group companies. It alleged a quid pro quo in one of those six cases where money was transferred from Videocon Group entities to a firm promoted by Deepak Kochhar — husband of former ICICI Bank chief executive Chanda Kochhar, soon after a loan was sanctioned.In response to the CBI...
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