SRM medical seat scam: Madras HC allows disbursement of Rs 85 crore to affected students
Sureshkumar| TNN | Sep 6, 2017, 15:59 IST
Justice M S Ramesh also refused to quash the FIRs filed against Pachamuthu and Madhan, but instead directed the Central Crime Branch (CCB) to continue investigation and file a final report within eight weeks.
The court appointed former Chief Justice of Jammu & Kashmir high court N Paul Vasanthakumar as commissioner for the purpose of discussing the amounts to the claimants as ascertained by him.
The case relates to complaints lodged by 136 parents and students who had paid over Rs 85 crore to Madhan and his associate Sudhir for MBBS, MS and MD admissions in SRM institutions. On May 29, 2016, Madhan absconded leaving behind a suicide note connecting Pachamuthu as the person to whom he had entrusted the money so collected.
Based on complaints and allegations, Pachamuthu was arrested and released on bail after he had deposited 75 crore. Madhan was arrested from a hideout in Tirupur later and he claimed that he had given whatever he collected to Pachamuthu.
Subsequently, the high court permitted Pachamuthu to provide bank guarantee for Rs 10 crore in addition to 75 crore he had already deposited into the account of XI metropolitan magistrate court, Chennai.
Sureshkumar| TNN | Sep 6, 2017, 15:59 IST
Justice M S Ramesh also refused to quash the FIRs filed against Pachamuthu and Madhan, but instead directed the Central Crime Branch (CCB) to continue investigation and file a final report within eight weeks.
The court appointed former Chief Justice of Jammu & Kashmir high court N Paul Vasanthakumar as commissioner for the purpose of discussing the amounts to the claimants as ascertained by him.
The case relates to complaints lodged by 136 parents and students who had paid over Rs 85 crore to Madhan and his associate Sudhir for MBBS, MS and MD admissions in SRM institutions. On May 29, 2016, Madhan absconded leaving behind a suicide note connecting Pachamuthu as the person to whom he had entrusted the money so collected.
Based on complaints and allegations, Pachamuthu was arrested and released on bail after he had deposited 75 crore. Madhan was arrested from a hideout in Tirupur later and he claimed that he had given whatever he collected to Pachamuthu.
Subsequently, the high court permitted Pachamuthu to provide bank guarantee for Rs 10 crore in addition to 75 crore he had already deposited into the account of XI metropolitan magistrate court, Chennai.
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