Videocon Group founder Venugopal Dhoot was arrested by CBI officials on Monday in the ICICI Bank loan fraud case, stated the officials.&nbsp;

In the early morning hours of Monday, a brief questioning session was held with the 71-year-old Dhoot after which he was arrested in Mumbai.&nbsp;

Dhoot has been arrested hours after ICICI Bank's former CEO and MD Chanda Kochhar, along with her husband Deepak Kochhar were produced for a remand hearing in a Special Court.

The officials said that a charge sheet will be soon filed by the CBI against the Kochhars and Dhoot, along with other suspects. The three-day remand of Chanda and her husband, who was arrested on December 23, will get over on Monday.

ALSO READ| <a href="https://www.wionews.com/india-general-elections-2019/ex-icici-bank-ceo-chanda-kochhar-husband-arrested-by-cbi-in-videocon-loan-fraud-case-546165">Ex-ICICI Bank CEO Chanda Kochhar, husband arrested by CBI in Videocon loan fraud case</a>

Chanda and Deepak Kochhar were taken into custody by the CBI after it was alleged that the couple were not co-operating with the bureau's investigation and providing evasive replies.

During the remand hearing at the CBI Special Court on December 24, the bureau said that Chanda denied having knowledge of pecuniary transactions between Dhoot and her husband.

Senior advocate Amit Desai, who appeared in the court to defend the Kochhars, opposed the need for remand, stating that the "main borrower of the loan has not been arrested, and the present accused was not the beneficiary of any amount”.

Desai also brought to the notice of the court a letter sent by the ICICI Bank to the CBI in July 202I which stated that the bank had no wrongful loss in any of the transactions highlighted by the bureau.

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Chanda and Deepak Kochhar, along with Dhoot and companies Supreme Energy, Videocon International Electronics Ltd, Nupower Renewables (NRL) managed by Deepak Kochhar and Videocon Industries Limited, have been named as accused by the CBI in the FIR filed under IPC sections of criminal conspiracy as well as provisions of the Prevention of Corruption Act in 2019, the officials stated.

The investigation bureau has alleged that credit facilities of Rs3,250 crore were sanctioned by the ICICI to the Videocon Group's companies promoted by Dhoot, which violated the bank's credit policy, RBI guidelines and the Banking Regulation Act.&nbsp;

It also alleged that an investment of Rs64 crore was made by Dhoot in Nupower Renewables through Supreme Energy Pvt Ltd (SEPL) and SEPL was transferred to Pinnacle Energy Trust, which Deepak Kochhar was managing between 2010 and 2012.

(With inputs from agencies)

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Videocon Group founder Venugopal Dhoot was arrested by CBI officials on Monday in the ICICI Bank loan fraud case, stated the officials. In the early morning hours of Monday, a brief questioning session was held with the 71-year-old Dhoot after which he was arrested in Mumbai.

Videocon Group founder Venugopal Dhoot was arrested by CBI officials on Monday in the ICICI Bank loan fraud case, stated the officials. In the early morning hours of Monday, a brief questioning session was held with the 71-year-old Dhoot after which he was arrested in Mumbai. Dhoot has been arrested hours after ICICI Bank's former CEO and MD Chanda Kochhar, along with her husband Deepak Kochhar were produced for a remand hearing in a Special Court. The officials said that a charge sheet will be soon filed by the CBI against the Kochhars and Dhoot, along with other suspects. The three-day remand of Chanda and her husband, who was arrested on December 23, will get over on Monday. ALSO READ| Ex-ICICI Bank CEO Chanda Kochhar, husband arrested by CBI in Videocon loan fraud case Chanda and Deepak Kochhar were taken into custody by the CBI after it was alleged that the couple were not co-operating with the bureau's investigation and providing evasive replies. During the remand hearing at the CBI Special Court on December 24, the bureau said that Chanda denied having knowledge of pecuniary transactions between Dhoot and her husband. Senior advocate Amit Desai, who appeared in the court to defend the Kochhars, opposed the need for remand, stating that the "main borrower of the loan has not been arrested, and the present accused was not the beneficiary of any amount”. Desai also brought to the notice of the court a letter sent by the ICICI Bank to the CBI in July 202I which stated that the bank had no wrongful loss in any of the transactions highlighted by the bureau. WATCH| Gravitas: Will Nirav Modi be extradited to India? Chanda and Deepak Kochhar, along with Dhoot and companies Supreme Energy, Videocon International Electronics Ltd, Nupower Renewables (NRL) managed by Deepak Kochhar and Videocon Industries Limited, have been named as accused by the CBI in the FIR filed under IPC sections of criminal conspiracy as well as provisions of the Prevention of Corruption Act in 2019, the officials stated. The investigation bureau has alleged that credit facilities of Rs3,250 crore were sanctioned by the ICICI to the Videocon Group's companies promoted by Dhoot, which violated the bank's credit policy, RBI guidelines and the Banking Regulation Act. It also alleged that an investment of Rs64 crore was made by Dhoot in Nupower Renewables through Supreme Energy Pvt Ltd (SEPL) and SEPL was transferred to Pinnacle Energy Trust, which Deepak Kochhar was managing between 2010 and 2012. (With inputs from agencies)

ICICI loan fraud case: CBI arrests Videocon founder Venugopal Dhoot

Former ICICI Bank managing director and CEO Chanda Kochhar has been called by the Enforcement Directorate, Mumbai for questioning in ICICI Bank-Videocon loan case, news agency ANI reported.

According to reports, Videocon's Venugopal Dhoot has also been called today for questioning.&nbsp;

This comes a day after the ED, on Friday, carried out <a href="http://www.wionews.com/india-news/icici-bank-videocon-case-ed-searches-office-residential-premises-of-chanda-kochhar-dhoot-200421">searches at the premises of Chanda Kochhar and Dhoot</a>.

The raids were carried out in at least five office and residential premises in Mumbai and a few other locations, the officials stated.

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Former ICICI Bank MD &amp; CEO Chanda Kochhar has been called by Enforcement Directorate, Mumbai for questioning in ICICI Bank-Videocon loan case. Videocon's Venugopal Dhoot has also been called today.Yesterday,ED had searched premises of Chanda Kochhar and Venugopal Dhoot.(file pic) <a href="https://t.co/ZxdvmLdtVN">pic.twitter.com/ZxdvmLdtVN</a>
— ANI (@ANI) <a href="https://twitter.com/ANI/status/1101691337601036288?ref_src=twsrc%5Etfw">March 2, 2019</a></blockquote>
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The agency had registered a criminal case under the Prevention of Money Laundering Act (PMLA) earlier this month against Kochhar, her husband Deepak Kochhar, Dhoot and others to probe alleged irregularities and corrupt practices in sanctioning of Rs 1,875-crore loans by the ICICI bank to the corporate group.

The CBI had lodged a complaint in the matter last month naming Chanda Kochhar, Deepak Kochhar, and Dhoot and his companies -- Videocon International Electronics Ltd (VIEL) and Videocon Industries Limited (VIL).

It is alleged that Dhoot had invested in Deepak Kochhar's company Nupower through his firm Supreme Energy a quid pro quo to loans cleared by ICICI Bank after Chanda Kochhar took over as the CEO of the bank on May 1, 2009.

The CBI also alleged that the ownership of Nupower and Supreme Energy changed hands through a complex web of shared transactions between Deepak Kochhar and Dhoot.&nbsp;

(With inputs from agencies)&nbsp;

Former ICICI Bank managing director and CEO Chanda Kochhar has been called by the Enforcement Directorate, Mumbai for questioning in ICICI Bank-Videocon loan case, news agency ANI reported.

Former ICICI Bank managing director and CEO Chanda Kochhar has been called by the Enforcement Directorate, Mumbai for questioning in ICICI Bank-Videocon loan case, news agency ANI reported. According to reports, Videocon's Venugopal Dhoot has also been called today for questioning. This comes a day after the ED, on Friday, carried out searches at the premises of Chanda Kochhar and Dhoot. The raids were carried out in at least five office and residential premises in Mumbai and a few other locations, the officials stated. Former ICICI Bank MD & CEO Chanda Kochhar has been called by Enforcement Directorate, Mumbai for questioning in ICICI Bank-Videocon loan case. Videocon's Venugopal Dhoot has also been called today.Yesterday,ED had searched premises of Chanda Kochhar and Venugopal Dhoot.(file pic) pic.twitter.com/ZxdvmLdtVN — ANI (@ANI) March 2, 2019 × The agency had registered a criminal case under the Prevention of Money Laundering Act (PMLA) earlier this month against Kochhar, her husband Deepak Kochhar, Dhoot and others to probe alleged irregularities and corrupt practices in sanctioning of Rs 1,875-crore loans by the ICICI bank to the corporate group. The CBI had lodged a complaint in the matter last month naming Chanda Kochhar, Deepak Kochhar, and Dhoot and his companies -- Videocon International Electronics Ltd (VIEL) and Videocon Industries Limited (VIL). It is alleged that Dhoot had invested in Deepak Kochhar's company Nupower through his firm Supreme Energy a quid pro quo to loans cleared by ICICI Bank after Chanda Kochhar took over as the CEO of the bank on May 1, 2009. The CBI also alleged that the ownership of Nupower and Supreme Energy changed hands through a complex web of shared transactions between Deepak Kochhar and Dhoot. (With inputs from agencies)

ICICI bank-Videocon case: Chanda Kochhar, Dhoot to be questioned by ED today 

The Enforcement Directorate (ED) on Friday carried out searches against former ICICI Bank CEO Chanda Kochhar and Videocon promoter Venugopal Dhoot in connection with a bank loan fraud case, officials said.

They said the raids are being carried out in at least five office and residential premises in Mumbai and a few other locations.

The agency had registered a criminal case under the Prevention of Money Laundering Act (PMLA) earlier this month against Kochhar, her husband Deepak Kochhar, Dhoot and others to probe alleged irregularities and corrupt practices in sanctioning of Rs 1,875-crore loans by the ICICI bank to the corporate group.

A team of ED sleuths, assisted by the police, is looking for more evidence in the case and the raids were launched early Friday morning, officials said.

The ED's PMLA case was filed after taking cognisance of a CBI complaint lodged in the matter last month.

The CBI had named Chanda Kochhar, Deepak Kochhar, and Dhoot and his companies -- Videocon International Electronics Ltd (VIEL) and Videocon Industries Limited (VIL).

The central probe agency also named Supreme Energy, a company founded by Dhoot, and Nupower Renewables, a company controlled by Deepak Kochhar, in the FIR.

It is alleged that Dhoot had invested in Deepak Kochhar's company Nupower through his firm Supreme Energy a quid pro quo to loans cleared by ICICI Bank after Chanda Kochhar took over as the CEO of the bank on May 1, 2009.

The ownership of Nupower and Supreme Energy changed hands through a complex web of shared transactions between Deepak Kochhar and Dhoot, the CBI alleged.&nbsp;

The Enforcement Directorate (ED) on Friday carried out searches against former ICICI Bank CEO Chanda Kochhar and Videocon promoter Venugopal Dhoot in connection with a bank loan fraud case, officials said.

The Enforcement Directorate (ED) on Friday carried out searches against former ICICI Bank CEO Chanda Kochhar and Videocon promoter Venugopal Dhoot in connection with a bank loan fraud case, officials said. They said the raids are being carried out in at least five office and residential premises in Mumbai and a few other locations. The agency had registered a criminal case under the Prevention of Money Laundering Act (PMLA) earlier this month against Kochhar, her husband Deepak Kochhar, Dhoot and others to probe alleged irregularities and corrupt practices in sanctioning of Rs 1,875-crore loans by the ICICI bank to the corporate group. A team of ED sleuths, assisted by the police, is looking for more evidence in the case and the raids were launched early Friday morning, officials said. The ED's PMLA case was filed after taking cognisance of a CBI complaint lodged in the matter last month. The CBI had named Chanda Kochhar, Deepak Kochhar, and Dhoot and his companies -- Videocon International Electronics Ltd (VIEL) and Videocon Industries Limited (VIL). The central probe agency also named Supreme Energy, a company founded by Dhoot, and Nupower Renewables, a company controlled by Deepak Kochhar, in the FIR. It is alleged that Dhoot had invested in Deepak Kochhar's company Nupower through his firm Supreme Energy a quid pro quo to loans cleared by ICICI Bank after Chanda Kochhar took over as the CEO of the bank on May 1, 2009. The ownership of Nupower and Supreme Energy changed hands through a complex web of shared transactions between Deepak Kochhar and Dhoot, the CBI alleged.

ICICI bank-Videocon case: ED searches office, residential premises of Chanda Kochhar, Dhoot

Sunil Bhuta, the Chief Financial Officer (CFO) of NuPower Renewables faced a CBI interrogation today. NuPower Renewable was founded by the husband of ICICI Bank CEO and MD Chanda Kochhar, in connection with Rs 3,250-crore loan from the bank to the Videocon Group in 2012.

Bhuta is believed to be associated with the company since its inception. The official website of the company states that Bhuta has been "responsible for overall finance, accounts, audit and taxation function for NuPower since inception".

The loan came under scanner after reports questioned it linking it to a possible quid pro quo that Videocon Group promoter Venugopal Dhoot allegedly had with NuPower Renewables, a company founded by Deepak Kochhar, Chanda Kochhar's husband.

A preliminary enquiry against Videocon founder Venugopal Dhoot and Deepak Kochhar and unidentified others was filed by the CBI.

CBI officials are in the process of studying relevant documents of the transaction. Deepak Kochhar along with others could be summoned for detailed questioning if any evidence of indicated wrongdoing surfaces.

Earlier this month, the Central Bureau of Investigation had summoned Rajeev Kochhar's brother-in-law Mahesh Pugalia for interrogation in the ICICI Bank-Videocon case. Rajeev Kochhar is the brother-in-law of ICICI Bank CEO Chanda Kochhar.

The CBI also called in Umanath Venkat Naik, the Director of NuPower Renewables, a joint venture between Videocon and Chanda Kochhar's husband, Deepak Kochhar.

(With inputs from agencies)&nbsp

A preliminary enquiry against Videocon founder Venugopal Dhoot and Deepak Kochhar and unidentified others was filed by the CBI

Sunil Bhuta, the Chief Financial Officer (CFO) of NuPower Renewables faced a CBI interrogation today. NuPower Renewable was founded by the husband of ICICI Bank CEO and MD Chanda Kochhar, in connection with Rs 3,250-crore loan from the bank to the Videocon Group in 2012. Bhuta is believed to be associated with the company since its inception. The official website of the company states that Bhuta has been "responsible for overall finance, accounts, audit and taxation function for NuPower since inception". The loan came under scanner after reports questioned it linking it to a possible quid pro quo that Videocon Group promoter Venugopal Dhoot allegedly had with NuPower Renewables, a company founded by Deepak Kochhar, Chanda Kochhar's husband. A preliminary enquiry against Videocon founder Venugopal Dhoot and Deepak Kochhar and unidentified others was filed by the CBI. CBI officials are in the process of studying relevant documents of the transaction. Deepak Kochhar along with others could be summoned for detailed questioning if any evidence of indicated wrongdoing surfaces. Earlier this month, the Central Bureau of Investigation had summoned Rajeev Kochhar's brother-in-law Mahesh Pugalia for interrogation in the ICICI Bank-Videocon case. Rajeev Kochhar is the brother-in-law of ICICI Bank CEO Chanda Kochhar. The CBI also called in Umanath Venkat Naik, the Director of NuPower Renewables, a joint venture between Videocon and Chanda Kochhar's husband, Deepak Kochhar. (With inputs from agencies)

ICICI-Videocon case: CBI questions CFO of NuPower Renewables

The Central Bureau of Investigation has registered a preliminary enquiry (PE) against ICICI Bank CEO Chanda Kochhar's husband Deepak Kochhar who has been accused of an alleged link with Videocon group chairman Venugopal Dhoot. According to reports, the PE has been registered to verify the allegations and does not name Chanda Kochhar so far.&nbsp;

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Videocon-ICICI case: CBI registers preliminary enquiry (PE) against ICICI Bank CEO Chanda Kochhar's husband Deepak Kochhar, say sources.
— ANI (@ANI) <a href="https://twitter.com/ANI/status/979908300245434368?ref_src=twsrc%5Etfw">March 31, 2018</a></blockquote>
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It is alleged that Dhoot supplied crores of rupees to a company linked to Deepak Kochhar six months after the Videocon group received Rs 3,250 crore as loan from the ICICI Bank in the year 2012. The Videocon group had sought a loan worth a whopping Rs 40,000-crore from a host of banks.

Dhoot is accused of financing &nbsp;NuPower Renewables Pvt Ltd (NRPL) with Rs 64 crore in 2010. The private limited firm was set up by Dhoot along with Deepak Kochhar and a couple of his relatives. Dhoot, reportedly, transferred the company's proprietorship to a trust owned by Kochhar for Rs 9 lakh six months after he received the loan from the ICICI Bank.

Deepak Kochhar, Venugopal Dhoot and other "unknown bank officials" involved will undergo an investigation, the PE mentions.&nbsp;

An ICICI bank senior official noted Chanda Kochhar's involvement in the credit committee that was responsible for sanctioning the loan but rules out any possibility of her involvement in the case.&nbsp;

“The board doesn’t believe it represents a conflict as Videocon Group is not an investor in NuPower Renewables. Hence, there was no need for Chanda Kochhar to recuse herself from the committee,” MK Sharma, ICICI bank chairman told media on Thursday.

Deepak Kochhar, Venugopal Dhoot and other 'unknown bank officials' involved will undergo an investigation

The Central Bureau of Investigation has registered a preliminary enquiry (PE) against ICICI Bank CEO Chanda Kochhar's husband Deepak Kochhar who has been accused of an alleged link with Videocon group chairman Venugopal Dhoot. According to reports, the PE has been registered to verify the allegations and does not name Chanda Kochhar so far. Videocon-ICICI case: CBI registers preliminary enquiry (PE) against ICICI Bank CEO Chanda Kochhar's husband Deepak Kochhar, say sources. — ANI (@ANI) March 31, 2018 × It is alleged that Dhoot supplied crores of rupees to a company linked to Deepak Kochhar six months after the Videocon group received Rs 3,250 crore as loan from the ICICI Bank in the year 2012. The Videocon group had sought a loan worth a whopping Rs 40,000-crore from a host of banks. Dhoot is accused of financing NuPower Renewables Pvt Ltd (NRPL) with Rs 64 crore in 2010. The private limited firm was set up by Dhoot along with Deepak Kochhar and a couple of his relatives. Dhoot, reportedly, transferred the company's proprietorship to a trust owned by Kochhar for Rs 9 lakh six months after he received the loan from the ICICI Bank. Deepak Kochhar, Venugopal Dhoot and other "unknown bank officials" involved will undergo an investigation, the PE mentions. An ICICI bank senior official noted Chanda Kochhar's involvement in the credit committee that was responsible for sanctioning the loan but rules out any possibility of her involvement in the case. “The board doesn’t believe it represents a conflict as Videocon Group is not an investor in NuPower Renewables. Hence, there was no need for Chanda Kochhar to recuse herself from the committee,” MK Sharma, ICICI bank chairman told media on Thursday.

Videocon-ICICI case: CBI registers preliminary enquiry against Chanda Kochhar's husband

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ICICI-Videocon case: CBI questions CFO of NuPower Renewables

Videocon-ICICI case: CBI registers preliminary enquiry against Chanda Kochhar's husband