Former ICICI Bank CEO Chanda Kochhar’s troubles increase, FIR lodged for ‘cheating’ tomato paste company
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New Delhi (Uttam Hindu News): Former Managing Director and CEO of ICICI Bank Chanda Kochhar is once again at the center of controversy. A new case has been registered against them in the national capital, in which Kochhar and ten others have been accused of tomato paste fraud. The company has suffered a loss of Rs 27 crore.
This 2009 case came into limelight recently when on December 9, the Patiala House Court ordered the Delhi Police to begin investigation. Subsequently, the Economic Offenses Wing of Delhi Police registered an FIR on December 20 citing allegations of cheating and criminal conspiracy.
Those named in the FIR include Chanda Kochhar, Sandeep Bakshi (CEO and MD ICICI Bank), Vijay Zagde (former manager ICICI Bank), unnamed officials of Global Trade Services Unit of ICICI Bank in Mumbai, (now representative of Punjab National Bank) . These include Atul Kumar Goyal (MD and CEO Punjab National Bank), K.K. Bordia (former GM Oriental Bank of Commerce), Akhila Sinha (AGM PNB and then branch head of OBC), Manoj Saxena (AGM PNB and then branch head of OBC), and K.K. Bhatia (former chief manager at OBC).
According to the FIR lodged by Shammi Ahluwalia, Director of P&R Overseas Pvt Ltd (Tomato Magic), the accused allegedly conspired to pass off ‘Letter of Credit’ (LOC) from a foreign bank as genuine document. . The crucial LOC, for export orders of tomato paste, was purportedly issued by the Royal Bank of Scotland (RBS), but it was later revealed that it was issued from a local Russian bank called RBS Alliance, which had a dubious reputation. Known for.
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