Kerala solar scam: Saritha Nair, Biju Radhakrishnan sentenced to three years in jail
A Kerala court on Friday sentenced Saritha Nair and Biju Radhakrishnan, prime accused in the sensational solar scam, to three years in jail and slapped a fine of Rs 10,000 each.india Updated: Dec 16, 2016 17:51 IST
A Kerala court on Friday sentenced Saritha Nair and Biju Radhakrishnan, prime accused in the sensational solar scam, to three years in jail and slapped a fine of Rs 10,000 each.
However, the judicial magistrate court in Perumbavoor acquitted actor Shalu Menon and her mother in what was the first verdict in the case.
This is the first among 33 cases pertaining to the solar scam that surfaced when Nair and Radhakrishnan were arrested in 2013 on charges of cheating numerous investors who paid money for solar panels. Saritha and Radhakrishnan cheated many with the help of some staff members of former chief minister Oommen Chandy.
Chandy later sacked three of his employees and the public relations director for allegedly helping the couple.
In the first case, both were found guilty of cheating a businessman P Sajjad who invested Rs 40 lakh in the solar firm.
Sajjad said in his complaint that the couple introduced themselves as RB Nair and Lakshmi Nair and accepted Rs 40 lakh in two instalments to set up a solar power plant and windmill in neighbouring Tamil Nadu. When the plant failed to take off, he filed a complaint and both were arrested.
Soon, many approached the police saying they were also cheated in a similar fashion.
While Nair is out on bail, Radhakrishnan is in jail on charges of murdering his first wife, Reshmi. Last year, a court had sentenced both to 6 years in jail in another cheating case.
During the investigation, it was found that Biju had faked a recommendation letter of the then CM to impress gullible investors and bag business orders.
Though solar scam was not a big embezzlement in terms of money with Rs 12 crore involved, many big personalities were dragged into it. Saritha had even accused Chandy and some of his cabinet colleagues of sexually exploiting her.
The scam was a major reason for the Congress-led UDF’s drubbing in the April assembly election.
A judicial commission is now probing the scam.