Chief Judicial Magistrate, Lucknow, Sunil Kumar pronounced the order on Thursday on a complaint filed by an ICICI Bank credit card holder Imran Ahmed, seeking direction for lodging an FIR and proper investigation in the matter.
A local court has directed the police to lodge an FIR against ICICI Bank CEO Chanda Kochhar and head of card operations Vinay Valse in connection with allegations of cheating and fraud over online shopping through credit card.
Chief Judicial Magistrate, Lucknow, Sunil Kumar pronounced the order on Thursday on a complaint filed by an ICICI Bank credit card holder Imran Ahmed, seeking direction for lodging an FIR and proper investigation in the matter.
The complainant said that on 28 May he had received three messages between 9.53 pm and 10.01 pm on his mobile phone about online shopping and the fourth message informed him that shopping worth around Rs. 79,000 has been done through his credit card in Turkey.
The complainant said that when he contacted bank officials in this regard he was not provided any information after which he blocked his card and informed the police, which also took no action.
He said that after all his efforts failed, he moved an application in the court against Kochhar and Valse. The CJM directed the Station House Officer of Hazratganj police station to lodge an FIR and investigate the matter.
ICICI Bank stock price
On August 22, 2014, ICICI Bank closed at Rs 1537.70, down Rs 6.6, or 0.43 percent. The 52-week high of the share was Rs 1590.35 and the 52-week low was Rs 758.80.
The company's trailing 12-month (TTM) EPS was at Rs 88.09 per share as per the quarter ended June 2014. The stock's price-to-earnings (P/E) ratio was 17.46. The latest book value of the company is Rs 632.79 per share. At current value, the price-to-book value of the company is 2.43.
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