Mumbai, July 22 -- Former ICICI Bank CEO and managing director Chanda Kochhar has been found guilty of accepting a Rs.64 crore bribe in exchange for approving a Rs.300 crore loan to the Videocon Group, The Times of India reported.

It noted that the ED had submitted strong documentary evidence and legally admissible statements recorded under Section 50 of the Prevention of Money Laundering Act (PMLA), establishing that Chanda Kochhar had concealed her conflict of interest and approved the loan in breach of ICICI Bank's internal rules.

Although NRPL's initial ownership was shown under Videocon chairman Venugopal Dhoot, the tribunal observed that Deepak Kochhar, who served as NRPL's managing director, was the one truly in control.

It said...