A leading Indian investigative reporter has labelled the country's biggest private bank, which is at the centre of an unfolding energy crisis in Australia, secretive and 'arrogant'.
abc.net.au/news/acclaimed-indian-journalist-slams-arrogant-icici-over-griffin/101876780One of India's foremost investigative reporters has labelled the country's biggest private bank, which is at the centre of an unfolding energy crisis in Australia, secretive and "arrogant".
The Griffin mine fell into receivership last year with debts of about $1.5 billion, including more than $1 billion owed to ICICI Griffin's problems have helped precipitate a crisis in WA's power industry, which still generates about a third of its main grid electricity from coal supplied by Griffin and another local mine, Premier Coal.
In an opinion piece published this month, renowned Indian financial journalist Sucheta Dalal blasted ICICI over what she said was its "arrogant silence" on the Griffin saga.Ms Dalal, an acclaimed journalist who has held editing posts at major Indian mastheads including The Times of India and Business Standard, also queried why the country's financial regulator had not carried out an investigation of ICICI's conduct.
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