High Court dismisses film producer’s plea
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The Madurai Bench of the Madras High Court dismissed the petition filed by Tamil film producer K.E. Gnanavel Raja who had sought the quashing of the First Information Report registered against him by the Economic Offences Wing, Madurai, in connection with the Ramanathapuram chit fund scam. The investigation was at the initial stage, the court said.
Justice R. Hemalatha observed that it could be found that a large network had been involved in the financial racket and many gullible investors were taken for a ride. It was only the tip of the iceberg and unless a freehand was given to the law enforcement agency, the truth will never get exposed especially when the amount involved was running to crores of rupees.