Lagatar24 Desk
New Delhi, Dec 26: The Central Bureau of Investigation (CBI) has arrested Videocon Group promoter Venugopal Dhoot in the ICICI loan fraud case on Monday.
Central Bureau of Investigation arrests Videocon chairman Venugopal Dhoot in ICICI bank fraud case: CBI sources
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— ANI (@ANI) December 26, 2022
Chanda Kocchar, a former CEO of ICICI Bank, and her husband were previously detained by the CBI in connection with the same case. The CBI was looking into Dhoot in relation to allegedly cheating ICICI Bank with Chanda and Deepak Kochhar’s assistance.
The CBI has taken custody of Chanda Kocchar and her husband until December 26. The issue relates to alleged fraud and irregularities in loans granted by the bank to businesses within the Videocon Group.
According to the investigating agency, ICICI Bank granted credit facilities of Rs 3,250 crore to the Videocon companies promoted by Venugopal Dhoot in contravention of the Banking Regulation Act, RBI norms, and the bank’s credit policy.
