The State government on Tuesday informed the Kerala High Court that no major cheating case had been settled by Saritha S. Nair, one of the accused in the solar scam cases.
The government told the court that only one case had been compounded. The case in fact involved Rs.1 lakh. Many of the complainants in this case were respectable individuals who valued their privacy and dignity. They did not want to get themselves involved in a case. In fact, the possibility of acquaintances and relatives who had nothing to do with the cases coming forward to help the accused to settle cases could not be ruled out.
The government submitted that the special investigation team under ADGP South Zone had investigated 33 solar-related cases and charge sheet had been filed in as many as 30. Three cases were in the final stage of investigation. The investigation also unearthed as many as 16 bank accounts of the accused.
The police had been able to track down the use of money collected by Saritha and Biju Radhakrishnan in the name of selling solar panels, which came to approximately Rs.6 crore. Of this, Rs.5.5 crore had been accounted for. The investigation also revealed about investments made by the accused in the construction of a house and also purchase of cars and other movable properties such as luxurious furniture.
The bank accounts had been frozen and the movable properties were seized. 9Meanwhile, the court granted bail to Saritha S. Nair in two cheating cases registered in Kochi. The court ordered her release on her executing a bond for Rs.35,000 each with two solvent sureties to the like amount.
