Saturday, September 19
Chanda Kochhar’s rise from a young management trainee to one of the most powerful figures in global finance was nothing short of extraordinary. She shattered gender barriers, spearheaded major banking transformations, and won some of the highest national and international honors -- only to fall from grace amidst allegations of corruption and conflict of interest. With the appellate tribunal’s ruling on July 3, finding her guilty of receiving a Rs 64 crore bribe in exchange for a Rs 300 crore loan to the Videocon Group, Kochhar’s legacy has now been formally and publicly stained.Her spectacular ascent, her transformative leadership at ICICI Bank, the global recognition she earned, were all erased by her ethical breach.From middle-class girl to the queen of Indian bankingBorn in 1961 i
Tilaknagar Industries, a notable player in India's alcohol industry, found itself in the limelight for all the wrong reasons after the Andhra Pradesh filed its chargesheet in the keenly-watched liquor scam in the state. Tilaknagar was named in the case along with a number of other industry peers, all of which have been implicated in alleged cases of various sharp practices and kickbacks related to liquor trade.The Andhra case is reminiscent of the Delhi liquor scam case that played a major role in bringing the Kejriwal government down.The chargesheet on the alleged Rs 3,500 crore scam mentions former chief minister YS Jagan Mohan Reddy as one of the recipients of the kickbacks. However, the 305-page document didn't directly name him as an accused.The Special Investigation Team (SIT) probin
