Overview

• The tribunal under the SAFEMA Act ruled on July 3 that Kochhar accepted a ₹64 crore bribe in exchange for sanctioning a ₹300 crore loan to Videocon Group.
• It overturned a 2020 PMLA Adjudicating Authority order and upheld the Enforcement Directorate’s provisional attachment of roughly ₹78 crore in Kochhar family assets.
• Judges traced the bribe payment through Supreme Energy and NuPower Renewables, firms linked to her husband Deepak Kochhar and Videocon promoter Venugopal Dhoot.
• The tribunal criticized the earlier authority for ignoring key evidence and found that Kochhar violated ICICI Bank’s conflict-of-interest policies by leading the loan-approval committee.
• With the prima facie money-laundering finding secured, the case will now proceed to the trial court for final adjudication.