Supreme Court had ruled that the managing director and chair of a private bank are 'public servants' under the provisions of the Prevention of Corruption Act, 1988.
Former ICICI Bank CEO, MD Chanda Kochhar, her husband were arrested by CBI Friday for irregularities in loans worth Rs 3,250 crore sanctioned to the Videocon Group between 2009-12.
CBI arrested Kochhar & others in connection to alleged irregularities in loans sanctioned by the bank to the group in 2012, under the Prevention of Corruption Act, officials said Friday.
The probe is linked to alleged siphoning of bank loan funds in connection with the financing of the oil and gas assets of the business house in Mozambique, official sources said.
The CBI is conducting a full blown investigation into the case which centres around NuPower Renewables, a company operated by Deepak Kochhar, ICICI Bank's former CEO Chanda Kochhar's husband.
Despite growing passenger volume, 11 out of 14 carriers reported losses in 2023-24. IndiGo recorded profit of Rs 8,167 crore, which reduced to Rs 7.253 crore in 2024-25.
Of the total package, $649 million will be utilised for additional hardware, software, and support services, and the remaining for Major Defence Equipment (MDE).
None of Pakistan’s PMs has lasted 5 years. That the current PM has given Asim Munir 5 years shows that of all military dictatorships history has seen, Pakistan’s is most creative.
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