Dr. Arvind Gupta has emerged as the whistleblower in the alleged ICICI loan fraud that transpired under the leadership of Chanda Kochhar. Once considered an icon, former ICICI CEO and MD Chanda along with her husband Deepak and Videocon Group CEO Venugopal Dhoot are in CBI custody for the alleged fraud worth over Rs 3,000 crore. The Kochhar couple has been arrested for sanctioning thousands of crores in loan to the Videocon group which allegedly benefited all the involved parties.
#KochharWhistleblower | It's India Inc's biggest scandal, with once-championed names falling from grace. With the Kochhars and Venugopal Dhoot in CBI custody, Arnab is #LIVE here - https://t.co/HbKDYgaNDs pic.twitter.com/dXq5YT744c
— Republic (@republic) December 28, 2022
As the matter continues to gain traction, Dr. Gupta, who has been an investor in both ICICI and Videocon, appeared in The Debate with Republic’s Editor-in-Chief Arnab Goswami and revealed how the events transpired and coalesced into a fraud.
An advocate of transparency and accountability relating to corporate governance for the last thirty years, Dr Gupta who exposed the scam in 2016, said that the issues around Videocon first began in 1992. "I know their misdeeds of managing the affairs in the corporate and government lobby ever since then. They have duped many state governments, financial corporations, and financial institutions while rising up to become the number one...
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