New Delhi, July 22 -- In the ICICI Bank-Videocon loan matter, the Appellate Tribunal under the Smugglers and Foreign Exchange Manipulators (Forfeiture of Property) Act (SAFEMA) has found former ICICI Bank CEO Chanda Kochhar guilty of accepting a Rs.64 crore bribe in return for sanctioning a Rs.300 crore loan to the Videocon Group in 2009.

This order overturns the earlier clean chit she received from the PMLA Adjudicating Authority and supports the Enforcement Directorate's (ED) provisional attachment of her assets, framing the transaction as a prima facie case of money laundering.

The Tribunal underscored a clear conflict of interest in Kochhar's approval of the loan. Shortly after disbursing the funds to a Videocon entity, Rs.64 crore ...