ICIC Videocon Loan Scam: CBI arrests Videocon CEO Venugopal Dhoot after Chanda Kochhar and Deepak Kochhar

ICIC Videocon Loan Scam: CBI arrests Videocon CEO Venugopal Dhoot in ICICI Videocon loan scam caseVideocon CEO Venugopal Dhoot) has been arrested. The former CEO and MD of ICICI Bank Chanda Kochhar and her husband Deepak Kochhar have already been arrested by the CBI in this case. On Saturday, he was sent to three-day CBI custody by a special vacation court in Mumbai.

Explain that in the year 2019, the CBI had registered a case against companies like Videocon International Electronics Limited, Videocon Industries Limited, Nupower Renewables Private Limited and Supreme Energy Private Limited under the provision of the Prevention of Corruption Act. Simultaneously, the Kochhars and Venugopal Dhoot were also made accused under IPC sections related to the Prevention of Corruption Act. Dhoot was arrested from Mumbai today in the alleged ICICI Bank-Videocon money laundering case.

The probe agency alleges that ICICI Bank sanctioned loan facilities of Rs 3,250 crore to Videocon group companies promoted by Dhoot in violation of the bank’s lending policy. The bank is accused of violating the Banking Regulation Act and RBI guidelines and the lending policy of the bank. Venugopal Dhoot is alleged to have allegedly transferred Rs 64 crore to Nupower Renewables after the Videocon group got a loan of Rs 3,250 crore from ICICI Bank in 2012. Chanda Kochhar’s husband Deepak Kochhar had 50 per cent stake in it.

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