TIL Desk/Business/Mumbai/ Beleaguered former ICICI Bank Chief Executive Chanda Kochhar on Wednesday said that none of the credit decisions at the bank were unilateral.
Kochhar’s reaction comes after Justice Srikrishna Committee indicted her for violation of bank’s code of conduct and conflict of interest duties in the controversial Rs 3,250-crore loan for the Videocon Group, a part of which went to a company run by her husband Deepak, that will cost her various financial benefits.
This also clears the decks for government’s investigating agencies–CBI, ED, IT, SFIO–and overarching regulatory bodies–RBI, SEBI and Ministry of Corporate Affairs– to take appropriate action against all the accused in the case filed by CBI last week as they deem fit. It is learnt that the Justice Srikrishna Enquiry Report will be forwarded by the ICICI Board to all the probe agencies and regulators for immediate action.
In a statement issued on Wednesday evening she said: “I am utterly disappointed, hurt and shocked by the decision. I have not been given a copy of the report. I reiterate that none of the credit decisions at the bank are unilateral.
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