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

  • mumbai, mca, nupower, nupower renewables, icici controversy, icici, Ministry of Corporate Affairs

    Mumbai: MCA inspecting NuPower Renewables, five other firms linked to ICICI controversy

    Mumbai: The Ministry of Corporate Affairs (MCA) has started inspection of NuPower Renewables and five other companies linked to the ICICI Bank controversy, Union Minister P P Chaudhary said on Wednesday. Multiple agencies are probing the alleged lapses involving ICICI Bank’s MD and CEO Chanda Kochhar and her family members. The lender is also carrying out an independent probe into allegations of ‘conflict of interest’ and ‘quid pro quo’ in Kochhar’s dealing

  • CBI questions NuPower CFO in ICICI loan case 

    New Delhi : The CBI on Wednesday questioned a NuPower Renewables official in connection with the Rs 3,250-crore loan to the Videocon Group in 2012, an official said.

  • Videocon-ICICI loan case: ICICI Bank’s board to meet today 

    New Delhi: Private sector lender ICICI Bank said its board will meet today to review insolvency cases before National Company Law Tribunal, and other routine matters. This is the first time ICICI Bank’s board will meet after the controversy over alleged conflict of interest involving its CEO Chanda Kochhar and Videocon group broke out.

  • ICICI Bank board says it has full faith in MD and CEO Chanda Kochhar

    New Delhi: ICICI Bank board today came out in support of its Managing Director and CEO Chanda Kochhar, saying it has full faith and confidence in her and described certain reports against her regarding credit disbursement to Videocon group as “malicious and unfounded rumours”. ICICI Bank board also reviewed the bank’s internal processes for credit approval and found them robust, the private sector lender said in a statement. Certain reports have appeared on a