ICICI Fraud: Special Court Rejects Dhoot’s Plea Against Arrest, Demand Of Kochhars For Home Food, Bed
The court ordered the prison authorities to provide them with diet food in consultation with the medical officer.
The Kochhars were arrested by the CBI on December 23, while Dhoot was arrested three days later. All three are currently in pre-trial detention.
Dhoot had challenged his arrest, claiming it was illegal and seeking immediate release from the case.
His lawyer S. S. Ladda along with lawyer Viral Babar argued that Dhoot was only arrested because the investigating officer came under pressure after the arrest of the Kochhar couple.
During the initial hearing of the Kochhars, their lawyer wondered why Dhoot had not been arrested yet
The Kochhars feared Dhoot would become an approver, lawyer Ladda said.
The Kocchars’ lawyer ensured that the remand warrant recorded that Dhoot had not been arrested, putting pressure on the investigating officer.
However, Special Judge MR Purwar saw no merit in the arguments and rejected Dhoot’s plea.
The CBI had Chanda Kochhar, Deepak Kochhar and Venugopal Dhoot along with Nupower Renewables (NRL) operated by Deepak Kochhar, Supreme Energy, Videocon International Electronics Ltd and
The CBI alleged that ICICI Bank has approved credit facilities in the amount of Rs 3,250 crore to Videocon Group companies in violation of the Banking Regulation Act, RBI guidelines and the bank’s credit policy.
It further alleged that as part of the consideration, Dhoot had made an investment of Rs 64 crore in Nupower Renewables through Supreme Energy Pvt Ltd (SEPL), and transferred SEPL to Pinnacle Energy Trust managed by Deepak Kochhar through a circuitous route between 2010 and 2012 .
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