Vasanthi Stanley, the surprise nominee of the DMK for the Rajya Sabha, on Wednesday filed her nomination papers ignoring disclosures that she and her husband have been accused of defrauding PSU banks using forged documents.
While the DMK claimed that only her husband, Stanley Rajan, is an accused police records show that Vasanthi is a co-accused in at least nine cases in which the Central Crime Branch police has filed FIRs. Vasanthi too, in her affidavit filed along with her nomination papers, claimed that no charges have been framed against her in any case that entailed a punishment of two years or more.
But as per records with the Central Crime Branch Rajan secured loans worth Rs 3.5 crore from 12 banks and LIC Housing Finance in Chennai by submitting documents for a single property as collateral. Out of this, Vasanthi has stood guarantor for six of the loans thus procured. She has also signed as guarantor five times when Stanley had procured loans from nine other banks using another property.
In all the cases he had given forged property documents as collateral. He had also applied for loans under different names in the process.
When the banks finally detected the forgery and filed a complaint with the Central Crime Branch Stanley Rajan was arrested and spent four months in jail in 2007, before coming out on bail.
Vasanthi, who was the second accused in the case, evaded arrest and managed to get bail but as per the bail conditions had to sign the register at the CCB office every day till a month ago.
Meanwhile, the Syndicate Branch had also published photos of Rajan and Vasanthi in newspapers as willful defaulters and that legal action would be taken against them. When reporters asked Vasanthi about the allegations at the secretariat on Wednesday she replied, "I have been asked not to talk about anything."
However, her husband, Rajan when contacted over the phone admitted that he had suffered losses in business and hence had defaulted on the Syndicate Bank loan.
He said that Vasanthi only stood as a guarantor as she was a government servant then and banks trusted government employees as guarantors.
Vasanthi, was an assistant commissioner of the commercial taxes department in the state before she quite her job on January 31, 2007 and joined the DMK.