Police notice at airports for Indian bank CEOs

[First77]

ICICI bank is among India's top 5 banks

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Look out circulars have been issued to all airports against CEO of ICICI bank, Chanda Kochhar, her husband and businessman Deepak Kochhar and promoter of the Videocon group of companies, Venugopal Dhoot. A look out circular (LOC) ensures that the person concerned cannot leave an airport without informing the authorities first. The LOC was sent at the behest of the CBI which last week filed a preliminary enquiry case against Deepak Kochhar and Venugopal Dhoot. Rajiv Kochhar, brother of Deepak Kochhar and promoter of Avista Advisory Services, was detained at Mumbai airport when he was leaving for Singapore for a business trip.

https://www.indiatoday.in/business

[First77]

$500 million loan to CEO's husband.

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A top official with a leading global financial services firm said that foreign institutional investors and other large investors of the bank are concerned over the development. “Among FII investors, there are questions on her performance, too, since the bank has also lagged behind well-run private sector banks in generating returns for investors,” he said.

https://www.msn.com/en-in/money