Rs 68.50 cr ponzi scam : SC paves way for trial of S Natrajan

Posted On & filed under Top Law News.

The Supreme Court has paved the way for prosecution of S Natarajan, now a director in the Sriram Group, in the 2004 high-profile ponzi scam involving Chennai-based PNL Nidhi Limited which allegedly collected Rs 68.50 crore from over 13,000 investors and defaulted in repayment. The apex court set aside a Madras High Court order quashing… Read more »