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A special court for cases against MP and MLAs in Chennai convicted actor couple Ramanathan Sarathkumar and Radhika and one more person in a 2018 cheque bounce case and sentenced them to one-year rigorous imprisonment on Wednesday. In addition, the court has also imposed a penalty of Rs. 5 crores in connection with the case.
The case pertains to Radiance Media Private Ltd. Moving filing a plea alleging that Magic Frames company, where Sarathkumar, Radhika and Listin Stephen are partners, had borrowed Rs. 1.50 crore and had issued two cheques. Subsequently, Sarath had taken another loan of Rs. 50 lakhs from Radiance Media and in return, he had issued five cheques for Rs. 10 lakh each. When the cheques were presented for realisation, they all bounced.
Radhika, Sarath Kumar Sentenced To One Year In Jail Published by GulteDesk April 07, 2021
Tamil actor Sarathkumar and wife Radhika received a setback from a special court in Chennai in connection with a cheque bounce case. Both Sarath and Radhika are sentenced to one year imprisonment in this case.
Going into details, Sarathkumar, his wife Radhika and a third person are partners of Magic Frames production house. This banner had borrowed huge amount of money from Radiance Media Private Limited, a money lending firm for production of movies based out in Chennai.
Having failed to make the repayment and the cheques handed over from Magic Frames to Radiance Media, bounced. In 2017, Radiance Media dragged Sarathkumar, Radhika and the third person to the court. Criminal proceedings were imposed in this case and in 2019, Sarathkumar and Radhika approached the Madras High Court seeking squash of this case. But the court declined.
Cheque bounce case: Chennai court sentences actors Sarathkumar and Radhikaa to one-year imprisonment | Chennai News indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.