Thursday, March 30, 2023

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Dhoot’s downfall: From business empire to jail cell

MUMBAI: Former ICICI Bank CEO Chanda Kochhar had ended up generating headlines over what the CBI alleged was a quid pro quo deal with Videocon, but the company’s promoter and chairman Venugopal Dhoot managed to maintain a low profile.
That was until Monday, when the CBI arrested the head of what was once among India’s largest conglomerates with interests in consumer durables, entertainment, power and energy. The trigger for Dhoot’s (71) arrest was a complaint by the investigating authorities that the industrialist invested money in Chanda Kochhar’s husband Deepak Kochhar’s business to get out-of-turn loans.
Read the full story on TOI+

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