Is Indian Billionaire Venugopal Dhoot Married To Rama Dhoot? Videocon CEO Arrested For Loan Fraud Case

Learn more about ‘Is Indian Billionaire Venugopal Dhoot Married To Rama Dhoot?’ According to Forbes magazine, he had $1.19 billion in fortune 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.

 

Is Indian Billionaire Venugopal Dhoot Married To Rama Dhoot? Videocon CEO Arrested For Loan Fraud Case
Is Indian Billionaire Venugopal Dhoot Married To Rama Dhoot? Videocon CEO Arrested For Loan Fraud Case

 

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.

 

Is Indian Billionaire Venugopal Dhoot Married To Rama Dhoot? Know More About His Wife

As Venugopal Dhoot Wife has not disclosed any information about herself, Rama Dhoot appears to be highly private when it comes to her personal information.

No more information was discovered online than the fact that Rama Dhoot is Venugopal Dhoot’s wife.

Venugopal Dhoot Wife
Venugopal Dhoot Wife, Rama Dhoot. (Source: veethi)

 

Additionally, she does not have any social media profiles, therefore at the time this piece was being written, there was no reliable information on her.

Similarly, there is no online information on her family, including the names of her children, their relatives, and other specifics.

 

Videocon CEO Detained For Loan Fraud Case

Allegations state that when providing loans, Kochhar preferred Videocon Group. In a statement, ICICI Bank stated that it has decided to open a fair inquiry into the allegations.

According to The Indian Express, Venugopal Dhoot, the promoter of the Videocon company, is accused of handing NuPower Renewables Pvt Ltd. millions of rupees on March 29, 2018. (NRPL).

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.

 

Venugopal Dhoot fraud
Chanda Kochhar and Venugopal Dhoot. (Source: Indian Times)

He is accused of selling the company’s ownership to a trust controlled by Deepak Kochhar for the price of 9 lakh 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 described their tactics and accused them of crimes covered by Sections 7 (taking gratification), Sections 13(2) (criminal misconduct), read in conjunction 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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