Free Press Journal
  • Deepak Kochhar summoned in ICICI scam

    New Delhi : As the inspection progresses into six companies linked to ICICI Bank controversy, the Corporate Affairs Ministry will question Deepak Kochhar, husband of the bank’s chief Chanda Kochhar, later this month, a senior official said. Deepak Kochhar is the founder and CEO of NuPower Group. Alleged lapses involving Chanda Kochhar, her husband and other family members, with respect to a loan extended to Videocon by the lender have come under

  • ICICI Bank denies rumours about sending CEO Chanda Kochhar on leave

    ICICI Bank denied a recent news report which claimed that the bank’s Managing Director and CEO Chanda Kochhar has been asked to go on a leave by the board due to her alleged allegations of favouring Videocon Group in a previous deal. The bank claimed that Kochhar has gone on a scheduled annual leave and not because of any directive by the bank’s board. The bank also said that there was no

  • SEBI issues notice to ICICI Bank, CEO Kochhar in Videocon case

    Mumbai, Private lender ICICI Bank on Friday said that Securities and Exchange Board of India (SEBI) has sought responses from the company and its MD and CEO  Chanda Kochhar on alleged non-compliance of the “erstwhile ‘Listing Agreement’ and the ‘Listing Obligations and Disclosure  Requirements) Regulations,  2015′”. According to a BSE filing, SEBI sought the reply via a notice issued to the private lender and its MD and CEO on May 24.

  • Govt nominee not to attend ICICI board meetings till probe ends

    New Delhi: The government’s representative on the board of ICICI Bank is unlikely to attend any meeting of the board until investigative agencies submit their reports on dealings between Deepak Kochhar, husband of Managing Director and Chief Executive Officer Chanda Kochhar, and Videocon Group.

  • Videocon-ICICI loan case: CBI to put out look out circulars at all airports for Chanda Kochhar, Venugopal Dhoot

    New Delhi: The BJP government is clearly jittery. After Nirav Modi scooted with the nation’s loot, the government has jumped the gun by asking the CBI to put out look out circulars at all airports for CEO of ICICI bank, Chanda Kochhar, her husband and businessman Deepak Kochhar, and promoter of the Videocon group of companies, Venugopal Dhoot.

  • Videocon arm with Rs 75-cr turnover got Rs 650-cr loan

    Mumbai : ICICI Bank granted loans worth Rs 650 crore to one of the five companies in the Videocon group — Evans Fraser & Company India Ltd, which had net sales of just Rs 75 crore in 2011 and a net profit of Rs 94 lakh, according to data from the Registrar of Companies (RoC).