Nirmal Krishna chit fund scam: Petition moved to Tamil Nadu court
23 Jun 2018 12:49 AM IST23 Jun 2018 12:49 AM IST
The court took the decision considering the demand of the Tamilnadu police team probing the case.
As part of the settlement agreement Akhil Reddy, Christopher Steven Villanueva, Trung Minh Tang, Mauricio Dardano, Gabriel Shahwan agreed to pay USD 250,000 each to resolve the governments' claims against them individually. (Representational Image)
Thiruvanthapuram: A sessions court here has transferred an insolvency petition filed by the Nirmal Krishna Chit Fund firm's key promoter K. Nirmalan to a Tamilnadu court on the grounds that the firm was situated in Tamilnadu. The court took the decision considering the demand of the Tamilnadu police team probing the case.
The court rejected the contention of the Nirmalan's lawyer that the case may be considered here. A court appointed receiver had already submitted a list of properties of Nirmalan in the city, which included a complex at Killipalam, a palatial house at Jagathy, flats and landed properties.
( Source : Deccan Chronicle. )
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