ICICI Bank fraud case: CBI arrests Videocon Group chairman Venugopal Dhoot

CBI on Dec 26 arrested Chairman of the Videocon Group Venugopal Dhoot, in connection with ICICI bank fraud case. Earlier, CBI arrested former ICICI Bank CEO Chanda Kochhar and her husband on Dec 23 in connection the case. The Kochhars are currently being interrogated by the investigation agency after being presented in a Mumbai court on Dec 24. Chanda Kochhar is accused of favouring Venugopal Dhoot when she was heading the bank. The CBI alleged that ICICI Bank sanctioned a loan of Rs 3,250 crore to Videocon Group in violation of RBI’s Banking Regulation Act. In October 2018, Chanda Kochhar, stepped down as the CEO and MD of the bank following the allegations. In September 2020, the ED arrested Mr Kochhar as one of the main accused in the ICICI-Videocon loan case.