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 Director 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. Cr.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 : 3.44 Crores.
  6. Amount from property sold : Nil, G.O.Ms. No.419/2004, dt.09.03.2004, 386/2003 dt.08.05.2003 passed by Government.
  7. Amount settled : Rs.27 Crores.
  8. Administrator Tr.A.R.L.Sundaresan was appointed on the orders of the Hon’ble High Court during the year 2001.

 IV.  Efforts taken by EOW-II

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V.   Details of property:

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VI.  Latest Development

 The case FAD on 10.12.2008 vide A FIR No.161/2000 

VII.  Request to Depositors:- 

         Balance amount available in O.L- Rs.1,11,89,922/-

 For any further information of refund the deposits may contact: 

Tr.Gangadara Rao,                            Official Liquidator,                                         1st Line Beach,                                     Chennai-01.                                                  PH: 044-25342127,25341473

 

 Tr.S.Amaravarman,                          Investigating Officer,                 Dy.Superintendent of Police,                         EOW-II,Anna Nagar,                                 Chennai-40.                                   PH:9940082757.