Videocon owner Venugopal Dhoot has been arrested in the ICICI Bank fraud case. He has been arrested by the CBI in Mumbai today. An officer has given this information.
Chanda Kochhar and her husband Deepak Kochhar are in CBI remand
Former CEO and MD of ICICI Bank Chanda Kochhar and her husband Deepak Kochhar, arrested in the Videocon loan case, were presented in the special CBI court on Saturday. The court had sent Chanda Kochhar and Deepak Kochhar to CBI remand for three days i.e. till Monday (December 26).
There was a possibility of arrest for several days
There was a possibility that the charge sheet could be filed soon by the CBI in the Videocon loan case. The Kochhar couple can also be named in the chargesheet along with Venugopal Dhoot of the Videocon Group. Chanda Kochhar is accused of blindly disbursing loans to Videocon Group promoter Venugopal Dhoot, against which crores of rupees were allegedly invested in NuPower.
What are the allegations of CBI
The CBI has alleged that ICICI Bank sanctioned a loan facility of Rs 3,250 crore to the Videocon group of companies promoted by Venugopal Dhoot in violation of the Banking Regulation Act, RBI guidelines and the bank’s lending policy. During the custody hearing of Chanda Kochhar and Deepak Kochhar, special public prosecutor A Limozine, appearing for the CBI, argued that Chanda Kochhar had violated IPC section 409 by sanctioning a loan facility of Rs 300 crore to Videocon International Electronics Limited (VIEL). Also committed ‘criminal breach of trust’ under.
These allegations against Venugopal Dhoot
According to the CBI, in 2009, a sanctioning committee of ICICI Bank headed by Chanda Kochhar sanctioned a loan of Rs 300 crore to VIEL in violation of the bank’s rules and policies. He said that the very next day, VN Dhoot transferred Rs 64 crore from VIEL to NRL through his company Supreme Energy Pvt Ltd (SEPL). Later, Chanda Kochhar diverted Rs 64 crore she allegedly received from VN Dhoot, managing director of Videocon Group, to her own use by investing in her husband’s company NuPower Renewables Limited.
In the year 2019, along with Kochhar couple, Venugopal Dhoot was accused
In 2019, the CBI registered FIRs against Deepak Kochhar’s management companies Nupower Renewables, Supreme Energy, Videocon International Electronics Limited and Videocon Industries Limited, along with the Kochhars and Dhoot under sections of the IPC relating to criminal conspiracy and provisions of the Prevention of Corruption Act. The accused was made.