Videocon Rs 300 Cr Loan Fraud Case: Ex-ICICI Bank CEO Chanda Kochhar Found Guilty Of Taking Rs 60 Cr Bribe

On August 26, 2009, a Sanctioning Committee headed by Chanda Kochhar, MD sanctioned a Rupee Term Loan of Rs 300 crore to Videocon International Electronics Limited (VIEL) in contravention of rules and policies of the bank in criminal conspiracies with the co-accused persons dishonestly by abusing her official position as a public servant.

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