ICICI CEO, 6 others booked for cheating

Tribune News Service

Kurukshetra, September 14

Chanda Kochhar, Chief Executive Officer (CEO) of ICICI Bank, and six others have been booked on the charge of cheating and committing forgery with a local businessman.

The complainant, Dheeraj Gupta, is a managing director of Indoya Foods at Bir Mathana village near here.

According to Gupta, he had taken a loan of Rs 4.4 crore from ICICI Bank’s Pipli branch in 2016. 

In his complaint, Gupta claimed he had mortgaged a stock of food products, including desi ghee worth Rs 74 lakh and milk powder worth Rs 61.25 lakh, at a warehouse in the district.

Gupta claimed he had deposited receipts of security to the bank to secure the loan. 

He alleged that on September 11 last year, officials of ICICI Bank served a notice on him, asking him to deposit Rs 94 lakh within 15 days, failing which the mortgaged food stock would be taken over by the bank to recover the loan amount.

Gupta alleged the bank authorities connived and manipulated records, and sold the food stock without his knowledge. Gupta alleged he suffered a loss of Rs 1.78 crore due to wrongful sale of his security products.

Besides Kochhar, the accused are bank officials 

A Kamini, Iyesha Negi, Rahul Dhawan, Anshuman Arora and Shavi Jain, and warehouse manager RK Sharma. The case has been filed at the Sadar police station here under Sections 420, 406, 409, 467, 468, 471, 34 and 120-B of the IPC.