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ICICI Bank ex-chief Chanda Kochhar seeks more time to appear before Sebi: report

ICICI Bank ex-chief Chanda Kochhar seeks more time to appear before Sebi: report

ICICI Bank ex-chief Chanda Kochhar seeks more time to appear before Sebi: report
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By CNBC-TV18 Oct 15, 2018 9:31:11 AM IST (Updated)

Chanda Kochhar, ICICI Bank’s former managing director and chief executive officer, has requested for more time to appear before the Securities and Exchange Board of India (Sebi) for a personal hearing, Business Standard reported.

Chanda Kochhar, ICICI Bank’s former managing director and chief executive officer, has requested for more time to appear before the Securities and Exchange Board of India (Sebi) for a personal hearing, Business Standard reported.

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Kochhar was earlier slated to appear before the Sebi on Tuesday for personal hearing, cross-questioning and recording of her statement.
“(Her) representative has informed Sebi’s adjudicating officer, who is probing the case, that she would not be able to keep Tuesday’s date and has sought a month’s time", an unidentified source told the newspaper.
Kochhar has been issued a show cause notice by the regulator for alleged violation of the code of conduct amid the conflict of interest in business dealings between ICICI, Videocon Industries and her husband Deepak Kochhar’s Nupower Renewables.
Kochhar, on October 4, opted for early retirement from the bank and Sandeep Bakhshi was named as her successor the same day.
 
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