Daybreak How Chanda Kochhar was found guilty
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Jul 23, 2025 Chanda Kochhar, once a titan in the banking sector, faces a guilty verdict for accepting a hefty bribe tied to a controversial loan. The podcast dives into the timeline from the whistleblower alert in 2016 to her eventual arrest, highlighting a web of corporate governance failures. It raises concerns about conflicts of interest and the erosion of public trust in banking institutions. Tune in for a compelling look at how one scandal can ripple through an entire industry.
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Rise and Fall of Chanda Kochhar
- Chanda Kochhar was once a celebrated leader of ICICI Bank, trusted by millions and globally acclaimed.
- Her fall began with rumors of conflicts of interest escalating into a criminal investigation and a guilty verdict in 2025.
Conflict Raised by Shareholder
- The scandal surfaced when shareholder Arvind Gupta raised conflict of interest concerns in 2016.
- Despite initial internal clearance, growing loan defaults and a whistleblower in 2018 led to a conclusive external probe.
Scope of the Loan Fraud
- The loans approved between 2009 and 2011 involving Videocon totaled 1,875 crore rupees linked to Kochhar's alleged influence.
- This highlights massive breaches of bank policy and internal governance failures.