CBI books Videocon group chairman Venugopal Dhoot for ‘corruption’ in financing oil and gas assets in Mozambique
The CBI on Tuesday booked Videocon group Chairman Venugopal Dhoot for alleged corruption in the financing of their oil and gas assets in Mozambique in connivance with unidentified officials of a State Bank of India-led consortium, officials said.
The agency has registered the FIR after a preliminary enquiry on a complaint from the Oil Ministry.
The enquiry findings show that in 2008 Videocon Hydrocarbons Holding Ltd (VHHL), a subsidiary of the Videocon Industries Limited (VIL), acquired 10 per cent “participating interest” in Oil and Gas Block in Rovuma Area 1 block, Mozambique, from the US-based Anadarko.
The Mozambique asset was later acquired by ONGC Videsh Limited and Oil India Limited in January, 2014, for USD 2,519 million, they said.
