Venugopal Dhoot Explained

Venugopal Dhoot
Birth Date:30 September 1951
Nationality:Indian
Occupation:Founder & Chairman Videocon
Children:Anirudh Dhoot, Surbhi Dhoot.
Alma Mater:College of Engineering, Pune

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]

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 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 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]

External links

Notes and References

  1. Web site: Venugopal Dhoot. Forbes. 13 October 2017. en. https://web.archive.org/web/20170730042317/https://www.forbes.com/profile/venugopal-dhoot/. 30 July 2017. dead. dmy-all.
  2. Web site: Annual report . videocon industries . 11 October 2012.
  3. Web site: CBI arrests Videocon founder Venugopal Dhoot in ICICI Bank loan fraud case . 2022-12-27 . www.telegraphindia.com.
  4. News: Jain. Meetu. CBI alerts airports. Chanda, Deepak, Venugopal can't leave India without informing authorities. 7 April 2018. India Today. en.
  5. News: CBI questions Rajiv Kochhar, Venugopal Dhoot aide in Videocon loan case. 7 April 2018. Hindustan Times. 7 April 2018. en.
  6. News: Ohri. Raghav. Agencies to probe use of shell companies for Rs 64 crore Videocon loan. 7 April 2018. The Economic Times. 5 April 2018.
  7. Web site: HC grants interim bail to Venugopal Dhoot, says reasons "casual, sans substance" . Mint . 20 January 2023 . February 17, 2023.