Chanda Kochhar row: MCA inspecting NuPower Renewables, 5 other cos linked to ICICI Bank controversy
Multiple agencies are probing the alleged lapses involving ICICI Bank's MD and CEO Chanda Kochhar and her family members. The lender is also carrying out an independent probe into allegations of 'conflict of interest' and 'quid pro quo' in Kochhar's dealing with certain borrowers.
The ministry ordered inspection under Section 206(5) of the Companies Act, 2013 on April 23, 2018 with respect to six companies linked to the ICICI Bank controversy. Image source: Reuters