ICICI Bank chief Chanda Kochhar summoned in PNB fraud case
ICICI Bank chief Chanda Kochhar and Axis Bank's Shikha Sharma have been summoned by an anti-fraud agency in the PNB fraud case. Jeweller Nirav Modi and his partner and uncle Mehul Choksi were earlier summoned in the same case.
Kochhar and Sharma will appear before the Serious Fraud Investigation Office in Mumbai on Tuesday afternoon, as per sources. The two top bank officials were summoned for giving loan facility to Gitanjali Group.
ICICI Bank is believed to have extended a loan of Rs 1,000 crore and Axis Bank Rs 700 crore last year to Gitanjali Gems of Choksi.
Both Modi and Choksi are alleged to have frauded Punjab National Bank with Rs 12,600 crore. They have since fled from country. -PTC News
