Videocon CEO Arrested By CBI In ICICI Loan Fraud Case

New Delhi: Venugopal Dhoot, Chairman of the Videocon Group, was on Monday arrested by the Central Bureau of Investigation in the ICICI loan case. This comes days after former ICICI Bank CEO Chanda Kochhar and her husband Deepak Kochhar were arrested by the CBI in a case linked to alleged irregularities in an over Rs 3,000-crore loan provided to the Videocon Group when she was heading the private sector bank, NDTV reported.

The Kochhars are being interrogated after being presented in a Mumbai court. Chanda Kochhar, 59, had quit as CEO and managing director of ICICI Bank in October 2018 over allegations that she favoured Videocon Group, a consumer electronics and oil and gas exploration company.

Saying that she violated the bank’s code of conduct and internal policies, ICICI said a year later that it would treat Ms Kochhar’s exit as “termination for cause”.

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