Venugopal Dhoot

Venugopal Dhoot
Venugopal Dhoot
Born	30 September 1951 (age 72)
Nationality	Indian
Alma mater	College of Engineering, Pune
Occupation	Founder & Chairman Videocon
Children	Anirudh Dhoot, Surbhi Dhoot.

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 ₹3,250 crore (US$390 million) 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 ₹64 crore (US$7.7 million) 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]

References

^ "Venugopal Dhoot". Forbes. Archived from the original on 30 July 2017. Retrieved 13 October 2017.
^ "Annual report" (PDF). videocon industries. Retrieved 11 October 2012.
^ "CBI arrests Videocon founder Venugopal Dhoot in ICICI Bank loan fraud case". www.telegraphindia.com. Retrieved 27 December 2022.
^ ^a ^b Jain, Meetu. "CBI alerts airports. Chanda, Deepak, Venugopal can't leave India without informing authorities". India Today. Retrieved 7 April 2018.
^ "CBI questions Rajiv Kochhar, Venugopal Dhoot aide in Videocon loan case". Hindustan Times. 7 April 2018. Retrieved 7 April 2018.
^ Ohri, Raghav (5 April 2018). "Agencies to probe use of shell companies for Rs 64 crore Videocon loan". The Economic Times. Retrieved 7 April 2018.
^ "HC grants interim bail to Venugopal Dhoot, says reasons "casual, sans substance"". Mint. 20 January 2023. Retrieved 17 February 2023.

External links

Venugopal Dhoot on Forbes

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[1] "Venugopal Dhoot". Forbes. Archived from the original on 30 July 2017. Retrieved 13 October 2017.

[videocon1-2] "Annual report" (PDF). videocon industries. Retrieved 11 October 2012.

[3] "CBI arrests Videocon founder Venugopal Dhoot in ICICI Bank loan fraud case". www.telegraphindia.com. Retrieved 27 December 2022.

[Jain-4] Jain, Meetu. "CBI alerts airports. Chanda, Deepak, Venugopal can't leave India without informing authorities". India Today. Retrieved 7 April 2018.

[5] "CBI questions Rajiv Kochhar, Venugopal Dhoot aide in Videocon loan case". Hindustan Times. 7 April 2018. Retrieved 7 April 2018.

[6] Ohri, Raghav (5 April 2018). "Agencies to probe use of shell companies for Rs 64 crore Videocon loan". The Economic Times. Retrieved 7 April 2018.

[7] "HC grants interim bail to Venugopal Dhoot, says reasons "casual, sans substance"". Mint. 20 January 2023. Retrieved 17 February 2023.

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Venugopal Dhoot
Born	(1951-09-30) 30 September 1951 (age 72)
Nationality	Indian
Alma mater	College of Engineering, Pune
Occupation	Founder & Chairman Videocon
Children	Anirudh Dhoot, Surbhi Dhoot.