Venugopal Dhoot
Venugopal Dhoot | |
|---|---|
| Born | 30 September 1951 |
| Alma mater | College of Engineering, Pune |
| Occupation | Founder-chairman of Videocon |
| Children | Anirudh 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]
Controversies
[edit | edit source]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
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External links
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