Delhi court notices to Dhoot, 12 others in bank fraud case: ED
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New Delhi: The ED on Monday said a Delhi court has issued notices to Videocon Group promoter Venugopal Dhoot and a dozen other entities after taking cognisance of its chargesheet filed in connection with an alleged Rs 61,700-crore bank loan fraud linked to financing the company's oil and gas assets in Mozambique.
The prosecution complaint (chargesheet) was filed on December 18, 2024 and the special Prevention of Money Laundering Act (PMLA) court located at Rouse Avenue took cognisance on February 10, the Enforcement Directorate said in a statement.
The court has taken cognizance of the offence of money laundering and has issued notices against the 13 accused, it said. The Videocon Group could not be contacted immediately for comments.
The accounts of Videocon Industries Ltd (VIL) and its group companies turned NPA (non-performing assets) in 2018 and the banks had filed a total claim of Rs 61,773.02 crore including the NPA of Rs 23,647.12 crore in respect of SBLC (stand by letter of credit) facility, said the ED.
