Dhoot admits 'not genuine' financial deals with Kochhars, says ED

Dhoot statement is part of the ED's fresh submission to PMLA court

Videocon Group chief and co-accused in the ICICI Bank money laundering case Venugopal Dhoot admitted that his financial dealings with Deepak Kochhar’s companies were “not genuine”.

In his statement to the Enforcement Directorate (ED), Dhoot conceded that Rs 64 crore had been transferred to Deepak Kochhar’s NuPower Renewables (NRPL) through a web of entities to allegedly acquire wind farm properties. 

These fresh submissions - a part of the Prevention of Money Laundering Act (PMLA) court order of December 1 - quoted parts of the ED’s probe findings, along with testimonies and statements recorded in the matter. 

The court order said