Chanda Kochhar sends legal notice to ICICI Bank against bonus clawback, says report
Updated : May 20, 2019 09:40 AM IST
Kochhar has been directed to pay back Rs 10 crore in bonuses she received and give up about six million shares of the bank she had as stock options during her tenure as the ICICI Bank CEO.
In an aggressive letter sent to her former employer by Kochhar's lawyer, she also inquired as to why her resignation was treated as termination.
Kochhar is in the dock for failing to disclose possible conflicts of interest after loans were sanctioned to the Videocon group, where her relatives had business interests.