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Venugopal Dhoot
Indian businessman From Wikipedia, the free encyclopedia
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Venugopal Dhoot (born in Mumbai, India) is an Indian businessman. He is the founder, chairman and managing director of Videocon.[1] He was arrested by the CBI on 26 Dec 2022 in the ICICI Bank Fraud case.[2]
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Controversies
In April 2018, authorities issued a lookout circular (LOC) for Dhoot, Chanda Kochhar and her husband Deepak Kochhar.[3] The LOC was issued due to Central Bureau of Investigation (CBI) investigations into irregularities concerning a ₹3,250 crore (US$380 million) loan made from ICICI Bank to Videocon Group[4] and the use of shell companies and a quid pro quo arrangement in the case of a ₹64 crore (US$7.6 million) loan by Dhoot of Videocon to NuPower Renewables,[5] a company which is owned by Deepak Kochhar.[3]
In January 2023 he was granted interim bail by the Bombay High Court on the grounds that his arrest was not in compliance with the law.[6]
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References
External links
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