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[ad_1] MUMBAI: Former ICICI Bank CEO Chanda Kochhar accepted " illegal gratification " of Rs 64 crore other than legal remuneration as a motive or reward and also "misappropriated the bank's funds for her own use", submitted the prosecution on Monday, urging the special CBI court to take cognisance of the chargesheet against Kochhar, her husband Deepak Kochhar and Videocon promoter Venugopal Dhoot in a Rs 3,250-crore loan fraud case. The CBI, through special public prosecutor A Limosin, said she conspired with the other accused to sanction credit facilities in favour of companies of the Videocon Group. The court will continue to hear arguments on July 3. In furtherance of a criminal conspiracy on August 26, 2009, a rupee term loan of Rs 300 crore was sanctioned to M/s Videocon International Electronics Limited by the ICICI bank committee of directors headed by Kochhar, said CBI. The loan amount was disbursed on September 7 and through a complex maze i...

[ad_1] 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 cha...