Search
Heads of Axis Bank, ICICI Bank Summoned Over Gitanjali Loans
March 06, 2018
With regard to Mehul Choksi’s Gitanjali Gems fraud, the Serious Fraud Investigation Office has summoned Axis Bank CEO Shikha Sharma and ICICI Bank CEO Chanda Kochhar.
Around 31 banks had lent over 5,200 crores to Choksi’s firms among which ICICI Bank was the biggest contributor which is why the bank’s head has been asked to appear in person or send a representative.
As the investigative offices are probing all loans extended to fraudsters Nirav Modi and Mehul Choksi who have fled the country, sources say that after ICICI and Axis Bank, they shall inquire other banks too.
