Chanda Kochhar was once one of the most respected women in Indian banking. She became the CEO and Managing Director of ICICI Bank in 2009. Known for her strong leadership and smart decisions, she helped the bank grow quickly and earned national and international recognition.
But in recent years, her name has been linked to a major bank fraud case that shocked the country.
What Is the ICICI-Videocon Loan Case?
Between 2009 and 2011, ICICI Bank gave loans worth ₹3,250 crore to the Videocon Group. One major loan of ₹300 crore was approved in September 2009 when Chanda Kochhar was in charge.
Soon after this loan was given, a company related to her husband, Deepak Kochhar, received ₹64 crore from Videocon. This raised questions about whether the loan was given in exchange for personal benefits.
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How Was the ₹64 Crore Bribe Given?
The money didn’t go directly into Chanda Kochhar’s account. Instead, it was moved through companies. First, Videocon transferred ₹64 crore to a company called Supreme Energy. Then, that money was sent to NuPower Renewables, a company run by her husband.
This path of money transfer made investigators suspect that it was a planned deal and not just a business transaction.
Why the Tribunal Found Her Guilty
In July 2025, a tribunal under the Prevention of Money Laundering Act (PMLA) found Chanda Kochhar guilty of taking a bribe. They said the ₹64 crore was a direct reward for approving the loan to Videocon.
The tribunal clearly called this a “quid pro quo,” which means giving something in return for a favor. The timing of the money transfer—just one day after the loan—made the case even stronger.
What Happened to Her After the Case Came Out?
A whistleblower raised the issue in 2018. After that, ICICI Bank and government agencies began investigating. Chanda Kochhar stepped down from her role at the bank.
In December 2022, she and her husband were arrested but were later given interim bail. In 2023, the Supreme Court allowed ICICI Bank to officially fire her from her post.
Chanda Kochhar’s Letter to Her Daughter Goes Viral
An old letter Chanda Kochhar had written to her daughter years ago went viral recently. In that letter, she advised her daughter to always work hard and never take shortcuts.
Many people are now calling this ironic, as Chanda herself was found guilty of taking shortcuts and misusing her power for personal gain.
Can She Still Appeal the Decision?
Yes, Chanda Kochhar still has the right to appeal the tribunal’s decision in a higher court. She may try to prove her innocence or challenge the evidence.
But for now, the findings against her are strong. The public’s trust in her has already been damaged.
What This Case Means for Banks in India
This case shows that even top leaders can misuse their positions. It highlights the need for more strict rules and checks inside banks.
When powerful people are involved in fraud, it affects the trust of the common public. People must feel safe when keeping their money in banks.
Final Thoughts on Her Rise and Fall
Chanda Kochhar’s story is a lesson. She was once a shining star in the banking world but ended up facing serious legal trouble.
Her case shows that no matter how successful someone is, wrong actions have consequences. What happens next will depend on the courts, but her reputation has already taken a big hit.