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Icici Videocon Loan Case
The Bombay High Court on Tuesday directed the Central Bureau of Investigation to file by Friday its affidavit in response to a petition of Videocon Group founder Venugopal Dhoot, seeking to quash an FIR registered in a bank loan fraud case, to declare his arrest as "arbitrary and illegal" and to be released on bail. When the plea came up for hearing, advocate Kuldeep Patil asked for one-week time to seek instructions on the same. A division bench of Justices Revati Mohite Dere and P K Chavan said the agency shall file its affidavit by Friday and posted the petition for hearing the same day (January 13). Advocate Sandeep Ladda, appearing for Dhoot, sought an urgent hearing and said Dhoot is suffering from "99 per cent blockage in heart". The bench said it would have to give the CBI time to file its affidavit. Two advocates - Subhash Jha and Mathew Nedumpara- sought to intervene in the matter and sought for a recall of the order passed by the same bench on Monday granting interim ba
Videocon Group founder Venugopal Dhoot, arrested by CBI in the ICICI-Videocon bank loan fraud case, on Monday moved the Bombay High Court seeking to quash the FIR, to declare his arrest as "arbitrary and illegal" and to be released on bail. Dhoot's plea was mentioned by his advocate Sandeep Ladda in the afternoon before a division bench of Justices Revati Mohite Dere and P K Chavan, which said it would hear it on Tuesday. The same bench, in the morning, granted interim bail to Dhoot's co-accused in the case namely former MD and CEO of ICICI Bank, Chanda Kochhar, and her husband Deepak Kochhar. The HC, in its judgment, came down heavily on the Central Bureau of Investigation for making the arrest in a "casual and mechanical" manner and without the application of mind. Dhoot in his plea has sought for the CBI FIR to be quashed and for the probe to be stayed, as well as his release on bail. He was arrested on December 26, 2022, and is presently in judicial custody. In his plea, Dhoot
The banking sector will remember this year for the arrest of Chanda Kochhar -- who was one of the founding members of ICICI Bank. Here's a detailed account of the ICICI Bank loan fraud case
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A special Central Bureau of Investigation court here on Wednesday extended till December 29 the CBI custody of former ICICI Bank CEO and MD Chanda Kochhar, her husband Deepak Kochhar and Videocon group founder Venugopal Dhoot in connection with a loan fraud case. The probe agency arrested Kochhars last Friday after questioning them briefly. Dhoot was arrested on Monday. All the three were produced before special judge S M Menjoge at the end of their earlier remand on Wednesday. The CBI, represented by special public prosecutor A Limosin, sought their custody for another two days for further probe into the case. After hearing both the sides, the court extended the custody of Kochhars and Dhoot till December 29. The CBI had named the Kochhars and Dhoot, along with companies Nupower Renewables (NRL) managed by Deepak Kochhar, Supreme Energy Private Limited (SEPL), Videocon International Electronics Ltd (VIEL) and Videocon Industries Limited, as accused in its FIR registered in 2019 u
A special court in Mumbai on Saturday remanded ICICI Bank's former CEO and MD Chanda Kochhar and her husband Deepak Kochhar in the custody of the Central Bureau of Investigation (CBI) till December 26 in connection with alleged cheating and irregularities in loans sanctioned by the bank to Videocon Group companies. The Kochhars were arrested by the probe agency on Friday night after a brief questioning session. The CBI has alleged that they were evasive in their response and did not cooperate in the investigation. The CBI had named the Kochhars and Venugopal Dhoot of Videocon Group, along with companies Nupower Renewables (NRL) managed by Deepak Kochhar, Supreme Energy, Videocon International Electronics Ltd and Videocon Industries Limited, as accused in the first information report (FIR) registered under Indian Penal Code (IPC) sections related to criminal conspiracy and provisions of the Prevention of Corruption Act in 2019. The CBI has alleged that ICICI Bank had sanctioned ...
The CBI will produce ICICI Bank's former CEO and MD Chanda Kochhar and her husband Deepak Kochhar at a Mumbai Special Court Saturday afternoon in connection with alleged cheating and irregularities in loans sanctioned by the bank to Videocon Group companies, officials said. The agency will seek a police remand of both accused to interrogate them in connection with the case, they said. A team of CBI officials is accompanying the couple on a flight to Mumbai this morning, the officials said. The Kochhars were called to the agency headquarters on Friday and arrested after a brief questioning session. The CBI has alleged that they were evasive in their responses and did not cooperate in the investigation. Sources said the agency is likely to move at a swift pace to file the first charge sheet in the case, in which the Kochhars could be named along with Venugopal Dhoot of Videocon Group. The CBI had named the Kochhars and Dhoot, along with companies Nupower Renewables (NRL) managed by