Coimbatore, Oct 31: A Judicial Magistrate court in Tamil Nadu on Thursday sentenced Saritha S Nair, the prime accused in multi-crore solar scam in Kerala, and her aide to three years imprisonment for cheating investors in a similar scam in Coimbatore.
The sixth judicial magistrate K.R.Kannan slapped a fine of Rs 10,000 on Saritha and C.Kannan, manager of her Coimbatore office and ordered that they would have to serve jail term of an additional nine months if they failed to pay the penalty.
The court however reserved the sentence of her former husband and partner Biju Radhakrishnan, who was also accused in the scam.
The case pertains to International Consultancy and Management Solutions – Power and Connections, at Vadavalli in Coimbatore, started by Saritha and Biju in 2008 offering to help people invest in windmills. Ravi was appointed as manager of the company.
The District Crime Branch (DCB) of Coimbatore Rural Police registered two cases against the trio in 2008, after they collected Rs 26.5 lakh from a Coimbatore-based industrialist Thyagarajan. Three other investors were also cheated of Rs 11 lakh in the same year.
Saritha, Biju and Kannan were booked in 2009 after they cheated a Nilgris-based trust of Rs 8.87 lakh by promising to install windmills.
The DCB arrested them after the second case was registered and charge-sheeted in the two cases in 2010 and 2011 under Sections 120B (criminal conspiracy) and 420 (cheating) of the IPC. The trial of the case began in 2016.
The charges leveled agents the trio was not related to the controversial solar panel scam that rocked Kerala in 2013. (UNI)