ICICI Bank issue: Videocon Chairman Venugopal Dhoot says personal ties don't always result in criminal acts
According to Videocon Group Chairman Venugopal Dhoot, he got to know Deepak Kochhar through his friend and IAS officer, former Maharashtra chief secretary Sharad Upasani. He had no contact with either Deepak Kochhar or Chanda Kochhar after the return of the stake, he said. ICICI Bank had loaned USD 100 million through its Canadian subsidiary to Videocon, which was repaid in full with interest, Dhoot said.
Videocon Group Chairman Venugopal Dhoot has said he knew all the 12 members of the panel that had cleared the loan amount and asserted that personal ties between two people do not always result in criminal acts. Image source: Reuters