A fine of Rs 10000 has been pronounced in four crimes, totalling Rs 40,000.
Acting on a warrant issued by the court, Saritha was arrested from her residence in Thiruvananthapuram by the investigating officer last week and remanded to judicial custody after being brought to Kozhikode.
The warrant was issued against her as she failed to appear in the court.
According to a complaint filed by Kozhikode native Abdul Majeed with the police in 2012, the two accused Nair and Biju Radhakrishnan had taken Rs 42.70 lakhs from him for providing franchise in their company besides installing solar panels in his office and house.