According to Forbes magazine, he had $1.19 billion in wealth in 2015, ranking him as the 61st richest Indian. He founded the business and serves as its chairman and managing director. He was taken into custody by the CBI on December 26, 2022, in connection with the ICICI Bank Fraud case.
In April 2018, the police issued a lookout notice (LOC) for Chanda Kochhar, Dhoot, and Deepak Kochhar. The LOC was issued as a result of CBI investigations into irregularities surrounding a $410 million loan from ICICI Bank to Videocon Group.
and the financing of $8.0 million by Dhoot of Videocon to Deepak Kochhar’s company NuPower Renewables via front companies and a trade-off.
Who Is Rama Dhoot, Venugopal Dhoot’s Wife?
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As Venugopal Dhoot’s Wife has not disclosed any information about herself, Rama Dhoot appears to be highly private when it comes to her personal information. No other information was discovered online than the fact that Rama Dhoot is Venugopal Dhoot’s wife.
Additionally, she does not have any social media accounts, therefore at the time this piece was being written, there was no reliable information about her. Similarly, there is no online information about her family, including the names of her children, their relatives, and other specifics.
Videocon CEO Detained in a Case of Loan Fraud
Allegations state that when providing loans, Kochhar preferred Videocon Group. In a statement, ICICI Bank stated that it has decided to open a fair investigation into the allegations.
According to The Indian Express (NRPL), Venugopal Dhoot, the promoter of the Videocon company, is suspected of supplying NuPower Renewables Pvt Ltd. crores of rupees on March 29, 2018.
Six months after the Videocon group obtained a 3,250 crore loan from the ICICI Bank in 2012, he formed the company with Chanda Kochhar’s spouse Deepak Kochhar and two other family members.
He is accused of selling the company’s ownership to a trust controlled by Deepak Kochhar for the sum of 9 lahks six months after getting the loan from the ICICI Bank. The Videocon account was categorized as a bad loan or NPA (Non-performing Assets) in 2017, the report claims.
On January 24, 2019, a CBI FIR was filed accusing Chanda, her husband Deepak, and businessman Venugopal Dhoot of defrauding the ICICI Bank of $1,730 crore.
The CBI explained their tactics and accused them of offenses encompassed by Sections 7 (taking gratification), Sections 13(2) (criminal misconduct), read in connection with Section 13(1)(d) (pecuniary advantage) of the Prevention of Corruption Act, and Sections 120B (conspiracy) and 420 (cheating) of the IPC.
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