Private sector lender ICICI Bank on Wednesday said it instituted an independent inquiry into the allegations leveled by anonymous...
Private sector lender ICICI Bank on Wednesday said it instituted an independent inquiry into the allegations leveled by anonymous whistle-blower against MD and CEO Chanda Kochhar. Without detailing the allegations, the bank in a regulatory filing said the inquiry will be headed by an independent and credible person.
MD and CEO Chanda Kochhar
"The scope of inquiry would be comprehensive and include all relevant matters arising out of and in the course of examination of the facts and wherever warranted, use of forensics/e-mail reviews and records of statements of relevant personnel etc," the filing said. The allegations are related to 'conflict of interest' over a time and 'quid pro quo' in course of Kochhar's work in dealing with certain borrowers.
