English 
23
Jul
Jul
Ex-ICICI Bank CEO Chanda Kochhar Found Guilty in ₹64 Crore Bribery Scandal Involving Videocon Loan
-
admin / 8 months
- 0
- 6 min read
New Delhi, July 22, 2025 – In a landmark ruling, the Appellate Tribunal under the Smugglers and Foreign Exchange Manipulators (Forfeiture of Property) Act (SAFEMA) has found former ICICI Bank CEO and Managing Director Chanda Kochhar guilty of accepting a ₹64 crore bribe in exchange for sanctioning a ₹300 crore loan to the Videocon Group in 2009. The tribunal’s order, dated July 3, 2025, marks a significant development in one of India’s most high-profile corporate fraud cases, overturning a previous clean chit granted to Kochhar by the PMLA Adjudicating Authority in November 2020. The ruling supports the Enforcement Directorate’s (ED) provisional attachment of assets worth ₹78 crore belonging to Kochhar and her associates, framing the transaction as a prima facie case of money laundering.
