Even as the board of directors of ICICI Bank gives a clean chit to its Managing Director and CEO, Chanda Kochhar herself is yet to respond to the allegation of wrongful personal gain through an abuse of her position.
Meanwhile, whistle blower Arvind Gupta on Friday maintained that neither the Government nor RBI or any other agency had reached out to him. He had noticed the transactions between the companies owned by Kochhar’s husband and Videocon’s Venugopal Dhoot since 2012, as he was a shareholder of both ICICI Bank and Videocon.
He reiterated that he was merely calling for an external forensic examination into the transactions, first between ICICI Bank and Videocon and secondly between Deepak Kochhar’s company Nupower Renewables and companies owned by Venugopal Dhoot of Videocon.
Remarkably, six months after Deepak Kochhar gained full ownership of the firm, ICICI Bank sanctioned two loans worth ₹4,000 crore to Videocon Group of companies.