Former ICICI CEO Chanda Kochhar Bought Rs 5.3 Crore Mumbai Flat For Rs 11 Lakh, Says CBI - News18
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CBI filed a chargesheet of 11,000 pages. The Central Bureau of Investigation (CBI) has alleged that Chanda Kochhar received the flat as illegal gratification.
The Central Bureau of Investigation (CBI) has alleged that former ICICI Bank CEO Chanda Kochhar purchased a luxurious apartment worth crores for a significantly lower price of Rs 11 lakhs and received Rs 64 crores as illegal gratification. These allegations surfaced during the ongoing court hearing in the ICICI Bank loan fraud case. Chanda Kochhar allegedly received a flat from Videocon Group in 2016. The market value of the flat in CCI Chambers in Mumbai’s Churchgate was Rs 5.3 crore in the year 1996. However, it was transferred to Kochhar’s family trust for only Rs 11 lakh in October 2016. Earlier this year, the Central Bureau of Investigation (CBI) filed an extensive chargesheet of over 11,000 pages. Kochhar, her husband Deepak, and V N Dhoot, the promoter of Videocon Group, are among those mentioned in the charge