Tribunal Finds Ex-ICICI CEO Chanda Kochhar Guilty of Accepting ₹64 Crore Bribe

An appellate tribunal under the SAFEMA Act has found former ICICI Bank CEO Chanda Kochhar guilty of accepting a ₹64 crore bribe for sanctioning a ₹300 crore loan to the Videocon Group in 2009. The ruling overturns an earlier clean chit from a PMLA authority and supports the Enforcement Directorate's attachment of her assets, framing it as a prima facie money laundering case. The tribunal highlighted a clear conflict of interest, noting the funds were traced to a company promoted by her husband.