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Venugopal Dhoot

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Indian businessman

Venugopal Dhoot
Born (1951-09-30) 30 September 1951 (age 73)
NationalityIndian
Alma materCollege of Engineering, Pune
OccupationFounder & Chairman Videocon
ChildrenAnirudh 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. He is the founder, chairman and managing director of Videocon. He was arrested by the CBI on 26 Dec 2022 in the ICICI Bank Fraud case.

Controversies

In April 2018, authorities issued a lookout circular (LOC) for Dhoot, Chanda Kochhar and her husband Deepak Kochhar. 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 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, a company which is owned by Deepak Kochhar.

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.

References

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