After Former CEO ICICI Bank Chanda Kochhar, Her Husband Deepak Kochhar ; CBI Arrests Venugopal Dhoot, Chairman of Videocon Group

File Picture

The Central Bureau of Investigation (CBI) has now arrested Venugopal Dhoot, chairman of Videocon group, from Mumbai in connection with alleged cheating and irregularities in loans sanctioned by ICICI Bank to Videocon Group companies, officials said.

Earlier the CBI arrested former ICICI Bank MD and CEO Chanda Kochhar and her husband Deepak Kochhar for allegedly cheating the bank of Rs 1,730 crore until March 2012.

The special CBI court remanded the couple on Saturday and revealed that Kochhar was helped by Dhoot to get the ownership of Nupower Renewables Ltd (NRL). NRL was incorporated on December 24, 2008, with Deepak Kochhar, Venugopal Dhoot, and Saurabh Dhoot as the first directors of the company.

Venugopal Dhoot and Saurabh Dhoot resigned from the directorship of the company in 2009. However, before resigning from the directorship, Venugopal Dhoot allotted 1,997,500 warrants to Deepak Kochhar at the rate of Rs 10 per warrant, on an initial payment of Rs 1 per warrant.

In 2009, the shares of NRL held by Venugopal Dhoot and Deepak Kochhar’s group Pacific Capital Services Pvt Ltd were transferred to SEPL, which became a 95 per cent shareholder of NRL.

Most Popular

To Top