ICICI Bank, ICAI deny mdia reports
14 Sep 2009
ICICI today said it had lodged a complaint to the Economic Offences Wing (EOW) and other enforcement agencies seeking thorough investigation into a fabricated report in yesterday's edition of The Economic Times.
In a statement, the country's largest private sector lender said, "Certain malicious and motivated news items have been planted in a section of the media raising doubts on the quality of the portfolio sold by the bank to ARCIL".
The report had said that the Institute of Chartered Accountants of India (ICAI) has asked the Reserve Bank of India to re-audit sale of loans by ICICI Bank to Asset Reconstruction Company (India) Limited (ARCIL).
The Institute of Chartered Accountants of India has also denied the authenticity of the report on its own website, saying the statements attributed to it are ''totally incorrect, wrong and completely baseless and as such the same is denied. We also would like to clarify that ICAI has not asked for any central bank audit of assets sold to ARCIL'' . ICAI (See: ICAI denies ICICI Bank report in The Economic Times).
ICAI has also sent its rebuttal to The Economic Times.
"The management has taken a serious note of such attempts and has lodged a complaint to the Economic Offences Wing (EOW) and other relevant enforcement agencies seeking thorough investigation into the attempt," the ICICI Bank statement said.
