Battling charges of cheating by 111 parents who had parted with tens of lakhs of rupees to get MBBS seats for their wards, the arrested SRM founder-chairman T R Pachamuthu has offered to deposit `69 crore in court for his release on bail.
An offer to this effect was made by his counsel to a division bench of Justice S Nagamuthu and Justice V Bharathidasan. The bench was hearing a habeas corpus petition filed by the mother of Madhan, who went `missing’ after collecting more than Rs 74 crore from 111 MBBS aspirants, and those filed by students who had paid upwards of Rs 60 lakh to Madhan on the advice of Pachamuthu.
Advocate R C Paul Kanagaraj, who represented the students, said that instead of depositing the money in court, SRM group could be directed to refund the money to students themselves. To this, the judges said, “It is to be ascertained whether any money was paid, to whom it was paid and finally to whom it had gone.“ To this, the judges said, “It is to be ascertained whether any money was paid, to whom it was paid and finally to whom it had gone. We leave it open for the investigating officer to do an independent, thorough investigation,“ and adjourned the case to September 15. It all started with the May 28 `disappearance’ of Mad han of Vendhar Movies, leaving behind a `suicide note’ saying he would drown himself in Varanasi. He said he had collected money from parents and students promis ing MBBS seats in SRM group of institutions, and that now he was unable to honour the commitment.
Meanwhile, Kanagaraj entered an appearance on behalf of the students, seeking either refund of the money or admission in MBBS course. It was after a nudge by the bench that the SRM group chairman was picked up and remanded in custody on Friday .
Earlier, senior counsel for Pachamuthu said the court could clarify that its opinion or pendency of the habeas corpus petition in the high court “may not influence the subordinate court which is going to deal with the bail application.“
dinathanthi newspaper 31/08/2016 : http://www.dinathanthiepaper.in/firstpage.aspx