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The Times of India

Business

Vijay Singh | TNN

CBI arrests Videocon founder Venugopal Dhoot, to be produced in court soon

Venugopal Dhoot CBI Videocon Chanda Kochhar Deepak Kochhar ICICI Bank Videocon Group ICICI Central Bureau of Investigation Mumbai

MUMBAI: The Central Bureau of Investigation (CBI) on Monday arrested chairman of Videocon Group Venugopal Dhoot in connection with ICICI Bank loan fraud case. Last week, the CBI had arrested former CEO of ICICI Bank Chanda Kochhar and her husband Deepak Kochhar in relation to the same case.

The CBI alleged a quid pro co deal wherein ICICI bank granted Rs 1,875 crore loan to Videocon Group, while Dhoot paid Rs 64 crore as kickbacks. CBI alleged that this Rs 64 crore was shown as investment in Deepak's company.

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