ICICI cries foul, seeks probe into share price manipulation

The Managing Director and CEO of ICICI Bank K V Kamath the has demanded a probe by SEBI and the government to bring the conspirators to book. He reportedly termed the fall of ICICI share was due to market rumours. Stating that he had already asked SEBI for a probe and briefed the Finance Minister P Chidambaram about the bear hammering of ICICI stock, which yesterday came down to its two year's low of Rs 493 a share, Kamath exuded confidence that he would overcome the challenge and protect all the stakeholders at any cost. While, RBI said on Tuesday that ICICI Bank has sufficient liquidity to meet the needs of its depositors, and that the bank and its subsidiary banks abroad were well capitalised.
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