Kothari Orient Finance
I. Gist of the Case
Pradeep D Kothari opened
the registered finance company in the name of Kothari
Orient Finance and collected deposits from the public and defaulted in repayment.
A criminal case was registered against the Directors of Kothari
Orient Finance by EOW II on 20.04.2000.
II. Accused Details:
|
S.No. |
Accused Arrested |
Accused obtained A/B |
Accused Died |
|
1. |
Pradeep D Kothari |
K.S.Rangaraj |
Indira Kothari |
|
2. |
Besant C.Raj |
Maya Kothari |
|
|
3. |
Ramabadran |
|
|
|
4. |
Mohandass |
III. High Lights
1.C.No.01/2000, U/s.406, 409, 420 IPC. R/W 120(b) IPC
2.Total amount involved:
Rs.28.14 Crores
3.Total No. of depositors: 10,
968
4.Police Complaints: 556
5.Amount involved in the Police
complaints: Rs.3.44 Crores.
6.Amount from property sold: Nil,
G.O.Ms.No.419/2004, dated: 09.03.2004, 386/2003, dated: 08.05.2003 passed by
Government.
7.Amount settled: Rs.24 Crores to 6196 depositors
8.Administrator Tr.A.R.L.Sundaresan
was appointed on the orders of the Honourable High
Court during the year 2001.
IV. Efforts taken by
EOW-II
1. Investigation
completed and charge sheet filed before CMM Court Egmore.
2. EOW assists the Administrator, on various issued for
speedy refund of deposits.
3. Speed up the disposal of the petition filed in
connection with G.O.Ms.No.386/2003, 419/2004 before Small Causes Court pending vide Crl.O.P.No.07/2003 and Crl.O.P.No.03/2004 respectively
and is pending for orders.
4. Speed up the case process filed in association with
UTI bank while impleading in the petition filed on
18.10.2006 before the High Court for early sale of property located at No.29, Kothari Road, Nungambakkam
worth about Rs.20 Crores.
V. Details of property:
Attached:
1. Land
and building at No.9, Mohan Kumaramangalam Street, Nungambakkam, Chennai-34 owned by Pradeep
D Kothari.
2. Land and building at Door No.16, 2nd cross street, Haddows Road, Nungambakkam,
Chennai-34 owned by Tvl.Kothari Orient Finance Ltd.,
3. Land and building at Door No.4/40, Shanthi Bunglow, Hulical village, Coonoor
Municipal Town, Nilgiris District, owned by Indira D.Kothari.
4. Land and building at Door No.28, Kothari
Road, Nungambakkam, Chennai-34 owned by Indira D.Kothari.
5. Land and building at Door No.29, Kothari
Road, Nungambakkam, Chennai-34 owned by Pradeep D.Kothari.
6. Building at Door No.6, Block No.74, Cresent Street, Seethammal
Colony, Alwarpet, Chennai-18 owned by S.Ramabadran.
7. Door No.6, 1st floor, Cresent
Street, Seethammal Colony, Alwarpet,
Chennai-18 owned by S.Ramabadran.
8. Agricultural land at Neelankarai
village owned by S.Ramabadran.
9. Plot No.32, 33 in Kattavakkam
village, Walajabad Taluk,
owned by S.Ramabadran.
10. Plot No.10 and 11 in Kattavakkam
village, Walajabad Taluk,
owned by S.Ramabadran.
11. Land at No.7, Chinnaiah Road, T.Nagar, Chennai-17 owned by S.Ramabadran.
Total worth Rs.17 Crores.
VI. Latest
Development:
The entire criminal proceedings in Cr. No. 1/2000 was quashed by High Court,
Madras in Crl.OP. NO. 170 of 2008 dated. 15.02.2008.
VII. Request to
Depositors:
1.For any further information on refund the depositors
may contact:
|
Tr.A.R.L.Sundaresan, Administrator, |
Tr.Ramasamy, Nominee of
Administrator of Tr.A.R.L.Sundaresan, |
|
Tr.Nachimuthu |
|