INSUBCONTINENT EXCLUSIVE:
Mumbai: Leading private sector lender ICICI Bank on Tuesday informed stock exchanges (SEs) that the law firm, which had investigated
valid.
In its 2016 report, the law firm had given a clean chit to Kochhar
other reason.
Following allegations of nepotism and conflict of interest against Kochhar, and also a letter from a whistleblower earlier
this year, the bank in late May set up the Justice Srikrishna Committee to probe the matter
being suspected of a quid pro quo.
After the bank informed the law firm about setting up of the new committee, subsequently the law firm
said that its earlier report would no longer be valid, ICICI Bank said.
Markets regulator Sebi had sent a show-cause notice to the bank and
Kochhar about the lack of disclosure, while the CBI started investigating the matter
agencies were on, Kochhar resigned from her post on October 4.
Prior to that, she was on an extended leave
