Business

Videocon’s Venugopal Dhoot gets bail in PMLA case

Videocon's Venugopal Dhoot gets bail in PMLA case

TIL Desk/Business/Mumbai/ Videocon group promoter Venugopal Dhoot on Friday appeared before a court in Mumbai in the alleged ICICI Bank-Videocon money laundering case, and was granted bail. Dhoot appeared before the special court for Prevention of Money Laundering Act (PMLA), which had earlier issued summons to him.

Special judge A A Nandgaonkar granted bail to him on a personal bond of Rs 5 lakh.The court directed him not to leave the country without its permission and also asked him to surrender his passport to the probe agency. It added that he must appear before the Enforcement Directorate (ED) as and when required for probe in the case.

The court 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 charge sheet. While Deepak Kochhar is in judicial custody, Chanda Kochhar appeared before the court last month, and was subsequently granted bail.

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