RPS Benefit Fund
Ltd
I.
Gist of the Case
Accused P.G.Saraniyan
opened the registered company in the name of RPS Benefit Fund Ltd and collected
deposits and failed to repay the same after the maturity. A criminal case was registered
against the Directors of RPS Benefit Fund Ltd by Chennai City Police on
15.10.1999 and subsequently the case was transferred to EOW II on 13.04.2000
for further investigation. The case was registered against the company and its
directors, for the default of Rs.42 Crores
to 13000 depositors.
II. Accused Details: -
|
Accused Arrested |
A/B |
Surrended |
|
A-1 P.G.Saraniyan, |
A-10 Rajagopal |
A-15 Lakshmanan |
|
A-2 S.Premachand, |
A-11 P.Madhusundanan, |
A-16 Vairavan |
|
A-3 Rangabashyam
(Expired on 14.05.08) |
A-12 Narayana Rao |
A-17 Narayana Rao |
|
A-4 Hari Babu |
A-13 Veeraghavan |
A-18 Srinivasan |
|
A-5 R.S. Naidu
|
A-14 Meiyappan |
A-19 Rajalakshmi |
|
A-6 Krishnamurthy |
|
A-20 Sivasankaran |
|
A-7 Hema Premachand |
|
|
|
A-8 Annamalai |
|
|
|
A-9 Sudarsanam |
|
|
III.
High Lights
X.Cr.No.1183/99, U/s.409, 418, 420, 423
r/w.120 (b) IPC.
Total
amount involved: Rs.42 Crores
Total
No. of depositors: 13000
Police
Complaints: 96
Amount
involved in the Police complaints: Rs.44, 67,969/-
Amount
settled by Official Liquidator: Rs.22 Crores.
On the
orders of High Court during the year 2000 the company was liquidated.
Investigation
has been completed and charge sheet filed on 30.06.2006 but not taken on file.
IV.
Efforts taken by EOW-II
EOW assists the Official Liquidator for speedy refund of the deposits.
V.
Details of Property: -
1. 3 immovable
properties worth about Rs. 17 Crores
VI.
Latest Development: -
Repayment is being done by the Official Liquidator (55%).
VII.
Request to Depositors: -
For any further information on refund the depositors may contact: -
|
Official Liquidator, |
Tr.AshokNatarajan |
VIII Present Stage of the Case.
1.
The case is NTF (Not taken on file)
2. Meet the OL in person and request to expedite the process for
quick disbursement.