Moneycontrol

Budget 2023Budget 2023
Register Now : Nifty Banker 3.0 | India's First Retail Index Traders Online Conference.
you are here: HomeNewsBusiness

Exclusive: Videocon loan case: Dhoot co-founded NuPower at own office address, documents reveal

Dhoot’s Supreme Energy was incorporated just six months before Deepak Kochhar’s NuPower at the same address in 2008, indicating their association before the alleged loan scam.

January 26, 2023 / 12:11 PM IST
Videocon's Venugopal Dhoot was arrested by the CBI in bank fraud case. Dhoot later got bail.

Videocon's Venugopal Dhoot was arrested by the CBI in bank fraud case. Dhoot later got bail.

NuPower Renewables, the company at the centre of the alleged Rs 3,250 crore loan scam involving ICICI Bank and Videocon, was set up and started functioning at the same office address as Supreme Energy, a company owned by Venugopal Dhoot, suggesting that he was associated with the Kochhars back in 2008.

The certificate of incorporation and the certificate for commencement of business of NuPower Renewables and Supreme Energy issued by the Maharashtra assistant registrar of companies, showed that both companies have the same address: Fort House, Second Floor, 221 Dr DN Road, Mumbai.

Moneycontrol has reviewed copies of the documents.

Dhoot, chairman of the Videocon Group, has on many occasions denied connections with the Kochhars and any wrongdoing. The Kochhars too denied wrongdoing in the alleged loan scam.