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The ICICI-Videocon loan scam is about a criminal conspiracy by Chanda Kochhar as Managing Director of ICICI Bank who abused her position by sanctioning a ₹3,250 crore (US$696.34 million) loan to Venugopal Dhoot 's Videocon International Electronics Limited (VIEL) between June 2009 and October 2011 to cheat the bank in lieu of illegal ...
A spokesman for the bank admitted to the BBC that "indeed the fraud had happened" but said that the ICICI "is a bank of repute which holds trillions of rupees in deposits from millions of customers".
Chanda Kochhar ( née Advani, born 17 November 1961) is an Indian banker. She was the managing director (MD) and chief executive officer (CEO) of ICICI Bank from 2009 to 2018 [1] She resigned from her positions in 2018 due a case of conflict of interest. [2] Subsequently, she was fired by ICICI Bank, a decision which was later upheld by the ...
ICICI Bank Limited is an Indian multinational bank and financial services company headquartered in Mumbai with a registered office in Vadodara.It offers a wide range of banking and financial services for corporate and retail customers through various delivery channels and specialized subsidiaries in the areas of investment banking, life, non-life insurance, venture capital and asset management.
ICICI Bank Announces Performance Review - Quarter and Year Ended March 31, 2013 29% year-on-year increase in standalone profit after tax to Rs 8,325 crore (US$ 1.5 billion) for the year ended ...
Mehul Chinubhai Choksi (born 5 May 1959) is an Indian-born businessman living in Antigua and Barbuda, who is wanted by the Indian judicial authorities for criminal conspiracy, criminal breach of trust, cheating and dishonesty including delivery of property, corruption and money laundering. In an interview, [1] Choksi claimed that he is innocent ...
2. Fake banking apps. These apps impersonate the real mobile apps of banks and are designed to trick users into entering their login credentials. The FBI say it is “one of the fastest growing ...
In March 2013, Cobrapost alleged that three banks in India – HDFC, ICICI and Axis – were involved in money laundering, using false accounts to convert black money into white. [12] [13] In an undercover operation it called Operation Red Spider, Cobrapost stated that it had secretly recorded several videotapes to uncover corrupt practices at ...