Chanda Kochhar Sacked By ICICI For Violating Code, Has To Return Bonuses

Chanda Kochhar, the former head of the ICICI Bank, was in violation of the bank's code of conduct, ICICI said in a statement today, and announced that Ms Kochhar's separation from the bank will be treated as a "Termination for Cause". Chanda Kochhar, 56, has been accused of criminal conspiracy and cheating by the CBI, along with her husband Deepak Kochhar and Videocon head Venugopal Dhoot, in a case linked to alleged irregularities in an over Rs. 3,000-crore loan.

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