Presentation gives the complete timeline of ICICI- Videocon Loan Case study. What happened to Rs 3,250 cr ?? What all happened from last 10 years?? Why Chanda Kochhar have pay back Rs 9.5 Cr Bonus from ICICI?

2. ROUNDED INVESTMENT STORY
ARVIND GUPTA
WHISTLE BLOWER
Videocon loan case, ICICI Bank, ICICI Videocon Probe, Conflict of Interest, Quid pro quo, Chanda Kochhar, Deepak Kochhar, Venugopal Dhoot

3. Videocon loan case, ICICI Bank, ICICI Videocon Probe, Conflict of Interest, Quid pro quo, Chanda Kochhar, Deepak Kochhar, Venugopal Dhoot

4. Timeline from March 2016
• Oct 2016 – Whistle blower Arvind Gupta allegation against
Bank.
• 2017- Declared Videocon debt of Rs 2850 cr as NPA.
• Mar 2018 – Other whistle blower complained against Mgmt &
Bank. Allegations reached to CBI, ED & SFIO.
• Mar 28, 2018 – Bank investigated & revealed there is no
‘Conflict of Interest. Kochharr is trustworthy.
• Mar 31, 2018 – CBI files an initial enquiry against D & R
Kochhar
Videocon loan case, ICICI Bank, ICICI Videocon Probe, Conflict of Interest, Quid pro quo, Chanda Kochhar, Deepak Kochhar, Venugopal Dhoot

5. Timeline from March 2016
• Apr 3, 2018 – Full confidence by chairman on Chanda
Kochhar
• Apr 4, 2018 – SFIO seeks MCorpAff nod to probe Videocon
loan of Rs 3,250 cr
• May 23, 2018 – SEBI send notice to ICICI Bank’s CEO & MD
& ask to submit response by Jun 7.
• Jun 2018 – Bank appoints former supreme court judge BN
Srikrishna for independent investigation.
• Jun 8 , 2018 – Request to SEBI seeking more time.
• July 5, 2018 – SEBI asks kochhar to reply by July 10.
Videocon loan case, ICICI Bank, ICICI Videocon Probe, Conflict of Interest, Quid pro quo, Chanda Kochhar, Deepak Kochhar, Venugopal Dhoot

6. Timeline from March 2016
• Oct 4, 2018 – ICICI bank accepts C Kochhar requests for early
retirement.
• Jan 24, 2019 – CBI register FIR against C & D Kochhar and
also MD Venu gopal, Videocon.
• Jan 30, 2019- Panel by ICICI bank found that C Kochhar
violated bank’s code of conduct and treat her separation as
“termination for cause”
• Feb 1, 2019 – Panel decided to take back all the bonus
provided by bank to C Kochhar, which sums up to Rs 9.6 Cr
from 2009.
My IMAginary Prediction : Kochhar’s & Dhoot Family will
pay fine.Videocon loan case, ICICI Bank, ICICI Videocon Probe, Conflict of Interest, Quid pro quo, Chanda Kochhar, Deepak Kochhar, Venugopal Dhoot

8. OTHER ALLEGATIONS

9. My learnings
Videocon loan case, ICICI Bank, ICICI Videocon Probe, Conflict of Interest, Quid pro quo, Chanda Kochhar, Deepak Kochhar, Venugopal Dhoot

10. My learnings
• QUID-PRO-QUO : a favour or advantage granted in return for
something.
• SFIO – Serious Fraud Investigation Office
• ED – Enforcement Directorate
• CCPS – Compulsory Convertible Preference Shares
Videocon loan case, ICICI Bank, ICICI Videocon Probe, Conflict of Interest, Quid pro quo, Chanda Kochhar, Deepak Kochhar, Venugopal Dhoot

11. Reference Links:
• https://economictimes.indiatimes.com/industry/banking/finance/ba
nking/icici-bank-loan-row-anatomy-of-a-quid-pro-quo-
deal/articleshow/64442643.cms - ICICI – ESSAR GROUP ALLEGATION
• https://www.moneycontrol.com/news/business/heres-a-timeline-of-
icici-bank-videocon-loan-case-3460141.html - Timeline from March
2018
Videocon loan case, ICICI Bank, ICICI Videocon Probe, Conflict of Interest, Quid pro quo, Chanda Kochhar, Deepak Kochhar, Venugopal Dhoot