The Central Bureau of Investigation (CBI) on Monday arrested Venugopal Dhoot, the founder of the Videocon group, in connection with the ICICI Bank loan fraud case. Dhoot, 71, was arrested from Mumbai after a brief questioning session on Monday morning.

Last Friday, the agency had arrested former ICICI Bank CEO Chanda Kochhar and her husband Deepak Kochhar.

All three were produced before special CBI court judge A.S. Sayyad.

During the hearing, the CBI, which was represented by special public prosecutor A. Limosin, sought a threeday custody to question all the accused, following which the court remanded them to CBI custody till December 28.

A PTI report said that the investigative agency is planning to file a charge sheet against the three and other suspects soon.

The CBI had alleged that ICICI Bank under Kochhar had sanctioned credit facilities to the tune of Rs 3,250 crore to the companies of the Videocon group promoted by Dhoot in violation of the Banking Regulation Act, RBI guidelines, and credit policy of the bank.

It was also alleged that as a part of the quid pro quo, Dhoot made an investment of Rs 64 crore in Nupower Renewables, a company founded by Kochhar’s husband through Supreme Energy Pvt Ltd (SEPL) and transferred SEPL to Pinnacle Energy Trust, which was managed by Deepak Kochhar between 2010 and 2012.

The agency had named the Kochhars and Dhoot, along with Nupower Renewables, Supreme Energy, Videocon International Electronics and Videocon Industries as accused in the FIR registered under IPC sections related to criminal conspiracy and provisions of the Prevention of Corruption Act in 2019.

While Kochhar’s five-year tenure as the CEO of the bank was to end on March 31, 2019, the allegations resulted in her resigning in October 2018.

During the remand proceedings at the CBI Special Court on Saturday, the agency claimed that she had denied knowledge of any pecuniary transactions between her husband and Dhoot.