Chanda Kochhar's career, marked by pioneering achievements in Indian banking, dramatically collapsed due to corruption allegations. Rising from a management trainee to CEO of ICICI Bank, she earned global recognition before being embroiled in a scandal involving a quid pro quo loan to Videocon. Chanda Kochhar and her husband Deepak Kochhar have been arrested by Central Bureau of Investigation on Friday, 23 December 2022, in a case linked to alleged loan fraud charges. An appellate tribunal has upheld a 2020 Enforcement Directorate (ED) order against former ICICI Bank CEO and MD Chanda Kochhar and her husband for giving loan to the Videocon group, observing a “prima facie” case of money laundering that involved a flat in Mumbai’s Churchgate and a Rs 64 crore ... The fall of Chanda Kochhar, the iconic banking CEO and a poster woman for Indian industry, holds a cautionary tale for the entire business community, writes the BBC's business correspondent...
