PMLA case | Videocon’s Venugopal Dhoot appears before court docket, gets bail
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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 chargesheet.
Videocon Group promoter Venugopal Dhoot on Friday appeared before a court docket right here within the alleged ICICI Bank-Videocon cash laundering case, and was granted bail.
Dhoot appeared before the particular court docket for Prevention of Money Laundering Act (PMLA), which had earlier issued summons to him.
Special choose A A Nandgaonkar granted bail to him on a private bond of ₹5 lakh.
The court docket directed him to not depart the nation with out its permission and in addition requested him to give up his passport to the probe company.
It added that he should seem before 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 chargesheet.
While Deepak Kochhar is in judicial custody, Chanda Kochhar appeared before the court docket final month, and was subsequently granted bail.
The ED had arrested Deepak Kochhar in September 2020 after it filed a felony case for cash laundering based mostly on an FIR registered by the CBI in opposition to the Kochhars, Dhoot and others.
The ED has alleged that ₹64 crore, out of a mortgage quantity of ₹300 crore sanctioned by a committee of ICICI Bank headed by Chanda Kochhar to Videocon International Electronics Limited, was transferred to Nupower Renewables Pvt Ltd (NRPL) by Videocon Industries on September 8, 2009, a day after the disbursement of mortgage.
NRPL was earlier often known as Nupower Renewables Limited (NRL) and is owned by Deepak Kochhar, the ED stated.
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