Venugopal Dhoot | |
---|---|
Born | 30 September 1951 |
Nationality | Indian |
Alma mater | College of Engineering, Pune |
Occupation | Founder & Chairman Videocon |
Children | Anirudh Dhoot, Surbhi Dhoot. |
Venugopal Dhoot (born in Mumbai, India) is an Indian businessman. According to Forbes magazine, his wealth in 2015 was $1.19 billion, the 61st richest person in India. [1] He is the founder, chairman and managing director of Videocon. [2] He was arrested by the CBI on 26 Dec 2022 in the ICICI Bank Fraud case. [3]
In April 2018, authorities issued a lookout circular (LOC) for Dhoot, Chanda Kochhar and her husband Deepak Kochhar. [4] The LOC was issued due to Central Bureau of Investigation (CBI) investigations into irregularities concerning a ₹3,250 crore (US$410 million) loan made from ICICI Bank to Videocon Group [5] and the use of shell companies and a quid pro quo arrangement in the case of a ₹64 crore (US$8.0 million) loan by Dhoot of Videocon to NuPower Renewables, [6] a company which is owned by Deepak Kochhar. [4]
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. [7]
Arun Jaitley was an Indian politician and attorney. A member of the Bharatiya Janata Party, Jaitley served as the Minister of Finance and Corporate Affairs of the Government of India from 2014 to 2019. Jaitley previously held the cabinet portfolios of Finance, Defence, Corporate Affairs, Commerce and Industry, and Law and Justice in the Vajpayee government and Narendra Modi government.
ICICI Bank Limited is an Indian multinational bank and financial services company headquartered in Mumbai with a registered office in Vadodara. It offers a wide range of banking and financial services for corporate and retail customers through various delivery channels and specialized subsidiaries in the areas of investment banking, life, non-life insurance, venture capital and asset management.
Videocon Industries Limited is an Indian multinational conglomerate, headquartered in Mumbai. The company was founded in 1979, by Jeetu Videocon. The group had 17 manufacturing sites in India and plants in Mainland China, Poland, Italy and Mexico. It was the third largest picture tube manufacturer in the world valued at US$5.5 billion.
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Chanda Kochhar is an Indian banker. She was the managing director (MD) and chief executive officer (CEO) of ICICI Bank from 2009 to 2018 She resigned from her positions in 2018 due a case of conflict of interest. Subsequently, she was fired by ICICI Bank, a decision which was later upheld by the Supreme Court of India.
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Piramal Capital and Housing Finance Limited is a non-deposit taking housing finance company, headquartered in Mumbai with branches in major cities across India. DHFL was established to enable access to economical housing finance to the lower and middle income groups in semi-urban and rural parts of India. DHFL is the second housing finance company to be established in the country. The company also leases commercial and residential premises. DHFL is among the 50 biggest financial companies in India.
The Punjab National Bank Fraud Case relates to fraudulent letter of undertaking worth ₹12,000 crore issued by the Punjab National Bank at its Brady House branch in Fort, Mumbai; making Punjab National Bank liable for the amount. The fraud was allegedly organized by jeweller and designer Nirav Modi. Nirav, his wife Ami Modi, brother Nishal Modi and uncle Mehul Choksi, all partners of the firms, M/s Diamond R US, M/s Solar Exports and M/s Stellar Diamonds; along with PNB officials and employees, and directors of Nirav Modi and Mehul Choksi's firms have all been named in a charge sheet by the CBI. Nirav Modi and his family absconded in early 2018, days before the news of the scam broke in India.
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The ICICI-Videocon loan scam is about a criminal conspiracy by Chanda Kochhar as Managing Director of ICICI Bank who abused her position by sanctioning a ₹3,250 crore loan to Venugopal Dhoot's Videocon International Electronics Limited (VIEL) between June 2009 and October 2011 to cheat the bank in lieu of illegal gratification and undue benefit received in NuPower Renewables Private Limited (NRPL), a company owned by Kocchar's husband, Deepak Kochhar.