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Is Chanda Kochhar squarely to be blamed for ICICI loan scam?

The Central Bureau of Investigation on 24th January filed a case of criminal conspiracy and fraud against former ICICI Bank MD & CEO Chanda Kochhar and her husband Deepak Kochhar. The investigating agency alleges that ICICI Bank, under Chanda Kochhar had sanctioned “high value” loans to Videocon Industries..violating the bank’s lending policies. The CBI on the basis of a preliminary inquiry conducted previously has registered an FIR, in the latest twist to the saga involving ICICI Bank and its former chief executive. And well, HW news Network from the very beginning had spoken about the irregularities within the ICICI bank.

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