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Jaswanth Jegan

Founder-Hexpertify.c... • 10m

“ICICI CEO demands bribe to sanction Loan” Big Fat Corporate Scandal #1 In 2012, ICICI Bank sanctioned a loan of $500 million under Chanda Kochhar to the Videocon Group.After the loan was sanctioned Videocon group transferred ₹64 crore to NuPower Renewables via Supreme Energy owned by Deepak Kochhar,husband of Chanda Kochhar. Everything went normal until Videocon Group struggled to repay the loan it turned into a non-performing asset.Initially ICICI Bank conducted an internal review and started to suspect Chanda Kochhar.In 2018, as media reports and regulatory scrutiny increased CBI &ED started to investigate. The investigation led to the arrest of Deepak Kochhar & Chanda Kochhar in 2020 &filed an FIR against Venugopal Dhoot.As of now the case is ongoing & Deepak Kochhar remains involved in legal proceedings related to money laundering charges.

9 replies27 likes

Replies (9)

Anonymous 4

Hey I am on Medial • 10m

At the end of the day, it's the average Indian whose hard-earned money gets siphoned away through scams like these. The country deserves much better corporate governance

1 replies5 likes

Anonymous 2

Hey I am on Medial • 10m

Banks 🤝 Scams

1 replies3 likes

Anonymous 1

Hey I am on Medial • 10m

I'm disgusted but not surprised. The cozy nexus between big banks, corporates and politicians allowing such brazen money laundering is sickening.

1 replies3 likes

LIKHITH

ON NE SAIT JAMAIS • 10m

3250 cr 😱😱

1 replies1 like

Anonymous 3

Hey I am on Medial • 10m

You'd think after the Nirav Modi/PNB scam, banks would be more vigilant about checking potential conflicts of interest.

0 replies3 likes

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