Bombay High Court granted bail to Venugopal Dutt

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Dutt’s lawyer Sandeep Ladda argued that Dutt’s arrest was illegal as he was cooperating with the investigation.

The Bombay High Court on Friday granted bail to Videocon founder and former chairman Venugopal Dhoot, who was arrested by the Central Bureau of Investigation (CBI) on December 26, 2022 in connection with the ICICI Bank loan fraud case.

A division bench comprising Justices Revathi Mohite Dere and PK Chavan closed the case on January 13 for the interim measures sought.

The court had earlier on January 9 granted interim relief to former ICICI Bank CEO Chanda Kochhar and her husband Deepak Kochhar, who were also arrested in the same case.

According to the allegations, Dhoot invested crores of rupees in Deepak Kochhar-founded NuPower Renewables in 2012, months after the ICICI bank loan of Rs 3,250 crore was granted to the Videocon group. CBI alleges that Chanda Kochhar abused her. Official position on Dhoot loan sanction.

Dutt sought to quash the FIR lodged against him in the case and declare his arrest “arbitrary and illegal”. The Bombay High Court on Tuesday asked the CBI to file an affidavit in response to Dutt’s petition.

In his plea, Dutt said the CBI’s arrest was “arbitrary, illegal, without due process and in gross violation of Section 41(A) of the Criminal Procedure Code, which requires a notice to be served on an accused to join the trial. investigation and no arrest unless absolutely necessary”.

Dutt’s lawyer Sandeep Ladda argued that Dutt’s arrest was illegal as he was cooperating with the investigation.

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