The court also imposed a penalty of Rs 5 crores in connection with the cases.
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By Express News Service
CHENNAI: The Special Court trying cases against MP and MLAs on Wednesday convicted actor couple Sarathkumar, Radhika and one other person in a 2018 cheque bounce case and sentenced them to one year's imprisonment. The court also imposed a penalty of Rs 5 crores in connection with the case.
The issue pertains to Radiance Media Private Ltd moving a plea alleging that Magic Frames company, in which Sarathkumar, Radhika and Listin Stephen are partners, had borrowed Rs 1.50 crore, which is a film financing company, and issued two cheques. Subsequently, Sarath had obtained a hand loan of Rs 50 lakh from Radiance Media. In return, he had issued five cheques for Rs 10 lakh each. When the cheques were presented for realisation, they all bounced.