Chanda Kochhar Videocon case: Probe agencies to go all-out for the accused

In further trouble for former ICICI chief executive, Chanda Kochhar, and others, the government is understood to have cleared the decks for its investigating agencies and regulatory bodies to take appropriate action as they deem fit against all the accused in the controversial Videocon loan case filed by the CBI last week.

It is learnt that the Justice Srikrishna Enquiry Report will be forwarded by the ICICI Board to all the probe agencies -- CBI, ED, IT and SFIO -- and overarching regulatory bodies, the RBI, SEBI and the Ministry of Corporate Affairs, for immediate action and to go after the accused in the controversial Videocon loan case involving law violations and conflict of interest duties.

This comes in the wake of the disclosure of the Justice Srikrishna Committee report which has indicted Chanda Kochhar for violation of the bank`s code of conduct and conflict of interest duties in the controversial Rs 3,250-crore loan for the Videocon Group, a part of which went to a company run by her husband Deepak, that will cost her various financial benefits.