ICICI alleges 'SMS terrorism', complains to police

MUMBAI: Battered by rumours that cast doubts about its financial health, ICICI Bank on Sunday approached police alleging certain brokers with a Mumbai-based brokerage house were indulging in "malicious" rumour mongering. ( Terming it has economic terrorism, an ICICI Bank spokesman said "we will be approaching all regulators including SEBI on this." ICICI Bank scrips have suffered heavy looses including 20 per cent on Friday in the face of onslaught of rumours though the largest private sector lender has been maintaining that it was facing no crunch and its financial position was strong. In its complaint filed before Economic Offences wing of Mumbai police as also Comimbotire police, the bank said that a broker or sub-broker in Coimbatore was indulging in misinformation through SMS and other means aimed at creating panic... [read full story]