It was in 2012 that a credit committee of ICICI Bank in which Chanda Kochhar was a member in her capacity as CEO signed a letter sanctioning a loan to Videocon promoter Venugopal Dhoot. ICICI was part of a consortium of more than 20 banks and financial institutions that disbursed the loan of Rs 40,000 crore to consolidate debt and expand into oil and energy. India’s third biggest lender ended up loaning Rs 3,250 crore to Dhoot’s business. … [Read more...] about ICICI-Videocon case: Deepak Kochhar arrested. Is Chanda Kochhar next?
Top huawei executive arrested
Bollywood actor Rhea Chakraborty was arrested by the Narcotics Control Bureau (NCB) on September 8 under the Narcotic Drugs and Psychotropic Substances (NDPS) Act, 1985 in connection with the Sushant Singh Rajput death case. Her bail plea was rejected by a Mumbai court, and she was remanded to 14-day judicial custody. … [Read more...] about Rhea Chakraborty remanded to judicial custody: All you need to know
At stake is the context in which the judgment was handed down. First, Gaur gave his order two days before he superannuated. Second, the INX Media case is politically sensitive and the fact that the Solicitor-General of India appeared to argue the case on behalf of the CBI is symbolic of the importance that the government attached to it. Third, Gaur's appointment was cleared within days of his retirement, which appeared to be too much of a coincidence. … [Read more...] about Former CJI Gogoi’s Rajya Sabha nomination is not the first and won’t be the last