Archive · 24 Jul 2025
Chanda Kochhar Guilty in ICICI Bank-Videocon Loan Bribery Case
Imagine a bank CEO named Chanda Kochhar.
She was accused of taking a bribe, like getting paid under the table.
In return, she helped a company called Videocon get a big loan from her bank.
The money, about ₹64 crore, went to her husband.
A court has now said she did break the law by doing this.
This means she might have to give up some of her money and the case continues to be investigated.
It also shows how important it is for big companies to follow rules and not let their leaders cheat.
Former ICICI Bank CEO Chanda Kochhar was found guilty of accepting a ₹64 crore bribe.
The bribe was linked to a ₹300 crore loan sanctioned to the Videocon Group in 2009.
The ruling overturned a 2020 decision that had released Kochhar's assets.
The tribunal found the loan was a quid pro quo deal benefiting Kochhar's husband.
The case underscores gaps in corporate governance and strengthens the Enforcement Directorate's case.
- Who
- Chanda Kochhar, former CEO of ICICI Bank, and the Videocon Group.
- What
- Chanda Kochhar was found guilty of accepting a ₹64 crore bribe in exchange for a loan.
- When
- The ruling was issued on July 3, 2025.
- Where
- India
- Why
- The bribe was given in exchange for approving a loan, resulting in a breach of corporate governance.
Chanda Kochhar
Tribunal
Responsibility for Loan
Chanda Kochhar
Attempted to distance herself from husband's dealings.
Tribunal
Held responsible for the loan as the CEO and MD.
- Defendant
- Chanda Kochhar
- Former Role
- CEO & MD of ICICI Bank
- Bribe Amount
- ₹64 crore (approx. $7.7 million)
- Loan Amount
- ₹300 crore (approx. $36 million)
- Loan Recipient
- Videocon Group
- Legal Action
- SAFEMA Tribunal ruling
- Involved Agencies
- Enforcement Directorate (ED), CBI