CBI: Venugopal Dhoot arrested in ICICI Bank loan case, founder of Videocon

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CBI has arrested Videocon founder Venugopal Dhoot in ICICI Bank loan case. People associated with the investigating agency have given information about this. The probe agency has already arrested former MD of ICICI Bank Chanda Kochhar and her husband Deepak Kochhar in this case. He is currently on CBI remand for three days.

According to CBI sources, 71-year-old Dhoot was arrested from Mumbai on Monday. His arrest comes three days after the arrest of former ICICI Bank MD and CEO Chanda Kochhar and her husband. The CBI has named former ICICI Bank CEO and MD Chanda Kochhar, her husband Deepak Kochhar and Videocon founder Venugopal Dhoot as accused in a bank loan case registered in the year 2019 under the Prevention of Corruption Act. Apart from him, Deepak Kochhar-run NuPower Renewables (NRL), Supreme Energy, Videocon International Electronics Limited and Videocon Industries Limited have been accused in this case.

The CBI alleges that ICICI Bank extended credit facilities worth Rs 3,250 crore to Venugopal Dhoot’s Videocon Group of companies in violation of the Banking Regulation Act, RBI guidelines and the bank’s credit policy.

Detailed

CBI has arrested Videocon founder Venugopal Dhoot in ICICI Bank loan case. People associated with the investigating agency have given information about this. The probe agency has already arrested former MD of ICICI Bank Chanda Kochhar and her husband Deepak Kochhar in this case. He is currently on CBI remand for three days.

According to CBI sources, 71-year-old Dhoot was arrested from Mumbai on Monday. His arrest comes three days after the arrest of former ICICI Bank MD and CEO Chanda Kochhar and her husband. The CBI has named former ICICI Bank CEO and MD Chanda Kochhar, her husband Deepak Kochhar and Videocon founder Venugopal Dhoot as accused in a bank loan case registered in the year 2019 under the Prevention of Corruption Act. Apart from him, Deepak Kochhar-run NuPower Renewables (NRL), Supreme Energy, Videocon International Electronics Limited and Videocon Industries Limited have been accused in this case.

The CBI alleges that ICICI Bank extended credit facilities worth Rs 3,250 crore to Venugopal Dhoot’s Videocon Group of companies in violation of the Banking Regulation Act, RBI guidelines and the bank’s credit policy.

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