The Rise and Fall of a Banking Titan: Unraveling the ICICI Scandal

On July 22, 2025, a court found former ICICI Bank CEO Chanda Kochhar guilty of accepting a ₹64 crore bribe from Videocon Group promoter Venugopal Dhoot. The bribe was allegedly routed through her husband’s company, NuPower Renewables, just a day after ICICI sanctioned a ₹300 crore loan to Videocon in 2009.

In today's episode, we trace the complete timeline, from the first whistleblower alert in 2016 to the 11,000-page CBI chargesheet and the 2022 arrests of the Kochhars. We also look at how internal governance failures and unchecked conflicts of interest allowed this to unfold inside one of India’s largest private banks.

Tune in.

🎓 Are you an Indian student in the US or recently graduated? Tell us what your journey’s been like: Take the survey

Daybreak is produced from the newsroom of The Ken, India’s first subscriber-only business news platform. Subscribe for more exclusive, deeply-reported, and analytical business stories.