Videocon Group promoter Venugopal Dhoot (pictured) on Friday appeared earlier than a court docket right here within the alleged ICICI Financial institution-Videocon cash laundering case, and was granted bail.
Dhoot appeared earlier than the particular court docket for Prevention of Cash Laundering Act (PMLA), which had earlier issued summons to him.
Particular choose A A Nandgaonkar granted bail to him on a private bond of Rs 500,000. The court docket directed him to not go away the nation with out its permission and in addition requested him to give up his passport to the probe company. It added tha the should seem earlier than the Enforcement Directorate (ED) as and when required for probe within the case.
The court docket had on January 30 summoned former ICICI CEO and MD Chanda Kochhar, her husband Deepak Kochhar and Dhoot after taking cognisance of the ED’s cost sheet. Whereas Deepak Kochhar is in judicial custody, Chanda Kochhar appeared earlier than the court docket final month, and was subsequently granted bail.
The ED had arrested Deepak Kochhar in September 2020 after it filed a legal case for cash laundering primarily based on an FIR registered by the CBI towards the Kochhars, Dhoot and others. The ED has alleged that Rs 64 crore, out of a mortgage quantity of Rs 300 crore sanctioned by a committee of ICICI Financial institution headed by Chanda Kochhar to Videocon Worldwide Electronics, was transferred to Nupower Renewables (NRPL) by Videocon Industries on September 8, 2009, a day after the disbursement of mortgage.
NRPL was earlier often called Nupower Renewables and is owned by Deepak Kochhar, the ED mentioned.