A special court in Delhi has taken cognisance of the Enforcement Directorate's (ED) complaint against businessman V. Dhoot and 12 others in the Videocon Mozambique oil deal case. The court issued notices on February 10, 2026, after the ED filed the prosecution complaint in December 2024. The ED identified proceeds of alleged crime worth ₹1,136.49 crore. Their probe stems from a First Information Report filed by the Central Bureau of Investigation (CBI) in June 2020, following an inquiry into criminal conspiracy and cheating. ED's investigation revealed that foreign loans taken by the Videocon Group, including those from the State Bank of India consortium, Jupitor Facility, and Standard Chartered Bank, were diverted systematically. Funds were routed through Videocon Hydrocarbon Holdings Limited and overseas subsidiaries, then layered through complex transactions involving several overseas companies such as Jupitor Corporation Limited and Venus Corporation Limited. The diverted money was brought back to India and used for purposes unrelated to oil and gas businesses, like funding non-oil expenses, investments, and acquiring personal and corporate assets. According to ED, funds were camouflaged as export advances and loan repayments in books of Videocon Industries Limited (VIL) and its group companies. The accused also submitted false utilisation certificates to banks to hide the misuse and maintain credit access. Out of the $4.54 billion loan facility, $2.02 billion was alleged diverted. The accounts turned non-performing assets by 2018. Banks filed claims totaling ₹61,773.02 crore, including ₹23,647.12 crore related to the Standby Letter of Credit facility. So far, ED has attached assets worth ₹56.27 crore in the case.