The CBI special court condemned five people and sentenced to strict imprisonment and took a total fine of 1,04,00,000 GBP.
According to an official press release, the case was registered on the basis of a complaint from the Bank of Maharashtra in February 2003 and claimed that TSR Vasudevan, owner M/S. Lalitha Oils, T. Palani, owner M/S. Tamil Nadu Marketing and Vetrivel Vetrivel Oil Mills, opened ordinary accounts with Bank of Maharashtra, Valmiki Nagar Branch, Chennai in the name of the owners, officer, officer, banks for the purpose of buying Banstr.
Vasudevan and Palani abused this by presenting counterfeit accounts in the name of Vetri Oil and incorrectly used the means and caused incorrect loss to the melody of 171.90 Lakh.
After the investigation, fees for crimes for crimes were under 420, 468 and 471 IPC and SEC in November 2003. 13 (2) R/W 13 (1) (D) PC Act, 1988 before ADDL. Special judge for CBI cases, Chennai against the accused.
In the course of court proceedings, the accused T. Vetrivel ran away from the accused before the court. Palani died during the court proceedings and the accusation against him disappeared.
Published – 1 July 2025 12:32
