New Delhi (Business Desk) Chanda Kochhar, former CEO of ICICI Bank, has been found guilty by the Justice BN Srikrishna Committee for violation of the Code of Conduct. In such a situation, Kochar’s resignation can be a reason for his dismissal and the bank can stop other pending payments, including his bonus.
The report says, “Chanda Kochhar violated the framework and the framework of the ICICI Code of Conduct, the prevention of conflict of interest.”
At the same time, the bank has decided to withdraw Kochar’s bonuses from April 2009 to March 2018, including Sud.
Nearly a week ago, the CBI had raided several places in the Videocon loan case and filed an FIR against Chanda Kochhar and others, including her husband Deepak Kochhar. Against Kochhar, Rs 3,250 crore given to Videocon Group is charged with irregularities. It is believed that the CBI will soon call them for questioning.
It is worth mentioning that Videocon promoter Venugopal Dhoot allegedly invested crores of rupees in Nupaware after the loan of Rs 3,250 crore received by ICICI Bank in Videocon Group in 2012.
Nipawar is the joint owner of Deepika Kochhar and Supreme Power, the husband of Chanda Kochhar, former CEO of ICICI Bank.
After the matter came to light, the CBI registered a primary investigation (PE) in March last year against Venugopal Dhoot, Deepak Kochhar and unknown people.
On Wednesday, the company has also released results of the third quarter. In the December quarter, the bank’s profit declined by 2.75 percent to Rs 1604.91 crore. In the same quarter last year, the bank had made a profit of Rs 1650.24 crore.
No comments:
Post a Comment