Venugopal_Dhoot

Venugopal Dhoot

Venugopal Dhoot

Indian businessman

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]

Quick Facts Born, Nationality ...

Controversies

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]

References

  1. [1]
    "Venugopal Dhoot". Forbes. Archived from the original on 30 July 2017. Retrieved 13 October 2017.
  2. [2]
    "Annual report" (PDF). videocon industries. Retrieved 11 October 2012.
  3. [3]
    "CBI arrests Videocon founder Venugopal Dhoot in ICICI Bank loan fraud case". www.telegraphindia.com. Retrieved 27 December 2022.
  4. [4]
    Jain, Meetu. "CBI alerts airports. Chanda, Deepak, Venugopal can't leave India without informing authorities". India Today. Retrieved 7 April 2018.
  5. [5]
    "CBI questions Rajiv Kochhar, Venugopal Dhoot aide in Videocon loan case". Hindustan Times. 7 April 2018. Retrieved 7 April 2018.
  6. [6]
    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.
  7. [7]
    "HC grants interim bail to Venugopal Dhoot, says reasons "casual, sans substance"". Mint. 20 January 2023. Retrieved 17 February 2023.


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