The Enforcement Directorate (ED) on Wednesday questioned the Chairman of Videocon Industries, Venugopal Dhoot, in relation to the Rs 1,875 crore ICICI Bank-Videocon loan case, sources said.
Dhoot reached the ED headquarters in the morning and was deposed before the investigating officer.
In March 2019, the Enforcement Directorate also questioned Dhoot along with Mahesh Pungalia, a director of NuPower Renewables and a close aide of Dhoot, in the case.
The ED had also conducted searches at the residences and offices of Dhoot, former MD and CEO of ICICI Bank Chanda Kochhar, and her husband, Deepak Kochhar, in relation to the case.
The case is related to the alleged irregularities and corrupt practices in the sanction of a Rs 1,875 crore loan disbursed by ICICI Bank to the Videocon Group during 2009 and 2011.
In February 2019, the ED registered a criminal case of money laundering against Dhoot, Chanda Kochhar and her husband Deepak, and others, and initiated a probe into alleged irregularities and corrupt practises in the sanctioning of loans worth Rs 1,875 crore by the bank to the corporate group.
ED’s Enforcement Case Information Report (ECIR) filed under the Prevention of Money Laundering Act is based on the First Information Report registered by the Central Bureau of Investigation (CBI) in 2019.