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Srikrishna panel finds Chanda Kochhar guilty of wrongdoing

The independent panel headed by retired Supreme Court judge, Justice B.N Srikrishna, has found former ICICI Bank MD and CEO, Chanda Kochhar, guilty of violating the bank’s code of conduct. The Enquiry Report concluded the Chanda Kochhar was in violation of the ICICI Bank Code of Conduct, its framework for dealing with conflict of interest and fiduciary duties, and in terms of applicable Indian laws, rules and regulations,” ICICI Bank said in a statement. The enquiry report also pointed to Kochhar’s lack of diligence in avoiding the conflict of interest while sanctioning Rs 3,250 crore loan to Videocon group.

Read More at Livemint News date : 30 Jan 2019, Wednesday

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