No criminal conviction is established by the available court record. The Rs 64 crore figure concerns an alleged money trail in the ICICI Bank–Videocon loan case. On 3 July 2025, a tribunal upheld provisional attachment on a prima facie basis, while expressly leaving the issue for the trial court. On 8 May 2026, the Bombay High Court temporarily stayed operation of that attachment order and barred the Enforcement Directorate (ED) from taking possession of the properties under consideration.
What is the Rs 64 crore Videocon case?
The case concerns allegations linked to high-value loans sanctioned to Videocon Group companies by ICICI Bank officials between 2009 and 2012. A 2024 Bombay High Court order recounts that the Central Bureau of Investigation (CBI) opened a preliminary inquiry on 8 December 2017. It describes the allegation that Chanda Kochhar, then a member of a loan-sanctioning committee, abused her official position in sanctioning a loan to Videocon International Electronics Ltd and received illegal gratification through her husband. These are allegations recorded in the court order, not findings of criminal guilt. Read the 2024 Bombay High Court order.
The order also recounts the alleged route of Rs 64 crore: Videocon promoter Venugopal Dhoot allegedly routed the amount to NuPower Renewables Pvt Ltd through Supreme Energy Pvt Ltd, and to a trust managed by Deepak Kochhar. The figure describes the alleged transfer or investment at issue; it is not, by itself, proof that Kochhar was convicted of receiving a bribe.
What did the tribunal decide in 2025?
On 3 July 2025, the PMLA Appellate Tribunal upheld a provisional attachment in the Enforcement Directorate proceeding. It took a prima facie view of a money-laundering case involving the alleged Rs 64 crore transfer and the assets attached. A prima facie assessment is an initial view for the attachment proceeding, not a criminal trial verdict.
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The tribunal stated: “It may be true that the issue will be determined by the Trial Court but we find a prima facie case against the respondents for commission of the offence of money laundering and, therefore, the Provisional Attachment Order is justified.” The order thus expressly left determination of the issue to the trial court. Read the tribunal order. The Indian Express also reported on the ruling. Read its report.
Did the Bombay High Court stay the ED attachment?
Yes. On 8 May 2026, the Bombay High Court said the appellants had made out a case for interim protection. It stayed operation of the attachment order until the next hearing and directed the ED not to take possession of the properties under consideration. The order asked for a reply within two weeks and listed the matter for 19 June 2026. Read the 8 May 2026 order.
This was interim protection while the matter proceeded. It did not decide the underlying allegations, finally dispose of the appeal, or amount to an acquittal. The available material does not establish what happened after the listed hearing date, so that date should not be treated as confirmation that a hearing took place or as the case’s current status.
How the two orders differ
| Order | What it did | What it did not decide |
|---|---|---|
| 3 July 2025, PMLA Appellate Tribunal | Upheld provisional attachment on a prima facie view of the alleged money-laundering case. | Did not convict Kochhar; the tribunal said the issue would be determined by the trial court. Tribunal order. |
| 8 May 2026, Bombay High Court | Temporarily stayed operation of the attachment order and barred the ED from taking possession of the properties under consideration pending the next hearing. | Did not finally determine the allegations or finally dispose of the appeal. High Court order. |
Why “held guilty” is misleading
That phrase can blur two different things: a tribunal’s prima facie decision to uphold an asset attachment and a criminal court’s final determination of guilt. The 2025 tribunal ruling concerned the former and reserved the issue for trial; the 2026 High Court order temporarily paused enforcement of the attachment. Neither order, as described above, establishes a criminal conviction of Chanda Kochhar for receiving a Rs 64 crore bribe.
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