Goa, July 22 -- In a major development, an appellate tribunal has found former ICICI Bank CEO Chanda Kochhar guilty of accepting a Rs.64 crore bribe in exchange for approving a Rs.300 crore loan to the Videocon Group.

The tribunal observed that the money was funneled to her husband, Deepak Kochhar, through NuPower Renewables - a firm under his control - establishing a clear quid pro quo. The findings point to a serious breach of corporate governance and ethical standards during Kochhar's tenure as head of one of India's leading private banks.

The ruling marks a significant step forward in the high-profile case involving conflict of interest, misuse of position, and corruption in the banking sector. Further legal proceedings and enforcem...