New Delhi: The Central Bureau of Investigation (CBI) has issued a lookout notice against former CEO of ICICI Bank Chanda Kochhar, ANI reported on Friday. (Also read: ‘Documents Against Chanda Kochhar, Husband Being Scrutinised,’ Says CBI) Also Read - CBI Releases Official Statement on Sushant Singh Rajput Death Case, Read on
Last month, an independent enquiry by ICICI Bank had found Kochhar in violation of its code of conduct. Kochhar was also terminated from the bank, four months after she herself had put in her papers. Also Read - Sushant Singh Rajput's Father KK Singh Reacts to CBI Investigation a Year After Actor's Death
The enquiry report submitted by Justice (Retd) B N Srikrishna concluded that there was a lack of diligence with respect to annual disclosures and violation of the code of conduct, on her part. Also Read - Now CBI Officials Cannot Sport Beard or Wear Jeans, T-shirts: Check Guidelines by New Director
Kochhar had quit the bank on October 4 last year in the wake of allegations that she had favoured Videocon in the lending processes because the company’s founders had invested in a company founded by her husband Deepak Kochhar.
The CBI filed cases against the three along with some others after conducting raids at four premises in Maharashtra, the agency said.
Meanwhile, Kochhar had claimed she was ‘disappointed and shocked’. “I haven’t been given a copy of the report. I have served ICICI for last 34 years with dedication and hard work. I have never shied away from taking tough decisions whenever required in the best interest of the organisation,” she had said.
Adding, the former CEO said, “This decision from the bank has caused me immense hurt and pain. I have pursued my career as an independent professional with utmost honesty, dignity and integrity. I continue to have faith and belief in my conduct as a professional and I am certain that truth will ultimately prevail.”