ICICI Bank to probe CEO Chanda Kochhar’s dealings involving certain borrowers.
Earlier on May 24, the Securities and Exchange Board of India (Sebi), issued notice to the bank and Kochhar for alleged non-compliance of the listing agreement in the Videocon case which relates to dealings involving the Videocon group and NuPower Renewables.
ICICI Bank on Wednesday said that its board has decided to institute an “enquiry” into a fresh complaint received from an anonymous whistleblower alleging non-adherence of code of conduct, conflict of interest and quid pro quo by the bank’s CEO Chanda Kochhar while dealing with certain borrowers of the bank.
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