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Indian businessman From Wikipedia, the free encyclopedia
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]
Venugopal Dhoot | |
---|---|
Born | 30 September 1951 |
Nationality | Indian |
Alma mater | College of Engineering, Pune |
Occupation | Founder & Chairman Videocon |
Children | Anirudh Dhoot, Surbhi Dhoot. |
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]
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