[ad_1]
Former ICICI Bank CEO Chanda Kochhar and her husband Deepak Kochhar were arrested by the CBI on Friday as part of its investigation into a money laundering case involving the bank and the Videocon Group.
In 2019, ICICI declared that it will classify Kochhar’s departure as “termination for cause” because she had broken the bank’s code of conduct and internal standards.
“I reiterate that none of the credit decisions at the bank are unilateral … the organisation design and structure obviate the possibility of conflict of interest,” she had said in a statement.
[ad_2]
Source link
