Venugopal Dhoot

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Venugopal Dhoot
Born (1951-09-30) 30 September 1951 (age 73)
NationalityIndian
Alma mater College of Engineering, Pune
OccupationFounder-chairman of Videocon
ChildrenAnirudh Dhoot, Surbhi Dhoot.

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]

Contents

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]

References

  1. ↑ "Annual report" (PDF). videocon industries. Archived from the original (PDF) on 11 June 2012. Retrieved 11 October 2012.
  2. ↑ "CBI arrests Videocon founder Venugopal Dhoot in ICICI Bank loan fraud case". www.telegraphindia.com. Retrieved 27 December 2022.
  3. 1 2 Jain, Meetu. "CBI alerts airports. Chanda, Deepak, Venugopal can't leave India without informing authorities". India Today . Retrieved 7 April 2018.
  4. ↑ "CBI questions Rajiv Kochhar, Venugopal Dhoot aide in Videocon loan case". Hindustan Times . 7 April 2018. Retrieved 7 April 2018.
  5. ↑ Ohri, Raghav (5 April 2018). "Agencies to probe use of shell companies for Rs 64 crore Videocon loan". The Economic Times. Retrieved 7 April 2018.
  6. ↑ "HC grants interim bail to Venugopal Dhoot, says reasons "casual, sans substance"". Mint. 20 January 2023. Retrieved 17 February 2023.
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