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SRM Founder Agrees to Deposit Rs. 69 Crore Taken from 111 MBBS Aspirants

August 31, 2016 12:52 PM 2 minute read , Medicine / Beauty / Health Care , SRM University

SRM Founder Agrees to Deposit Rs. 69 Crore Taken from 111 MBBS Aspirants

After the accusation made by 111 MBBS aspirants of fraudulent promises, the chairman of SRM Group of Institutions, T R Pachamuthu,was arrested and jailed. Four days after his arrest, a senior counsel representing the SRM Group of Institutions showed up at the Madras High Court and has agreed to deposit Rs 69 crore in the court. This 69 crore was earlier taken by T R Pachamuthu from 111 MBBS students claiming to get them admission in the SRM Medical Institute.

Even after paying such heavy amount to the institute, students did not get medical seats in the college. Students and their parents then decided to take the case in court and hired senior lawyer R C Paul Kanagaraj to represent them. The lawyer then demanded for money back instead of the seats. To this, the court further said that the source of the money should be explored and examined more.

Also Read: Medical Scandal: SRM Education Group’s Chief Pachamuthu Arrested

The case was dragged in the court after S Madhan, assistant and owner of Vendhar Movies went missing in May 2016. Madhan’s mother filed a habeas corpus petition and also said that her son’s life is in danger and is in SRM Group’s custody.

Before disappearing, Madhan had allegedly collected Rs. 70 crore from MBBS aspirants on behalf of SRM management and claimed to get them a seat in the SRM Medical College. He then left with all the money and left a suicide note behind him saying that he was “going to attain samadhi at Kaasi.”

Also Read: ITC’s Flagship Event 2016 Won by Students of SRM University

The last hearing was conducted on Tuesday where Madhan’s mother also showed up. The case has further been adjourned to September 15.

T R Pachamuthu was arrested on Friday.

High on Travelling, high on life. Fanatic about two things: Chandni chowk and Chicken, "I solemnly swear that I'm up to no good."

SRM Founder Agrees to Deposit Rs. 69 Crore Taken from 111 MBBS Aspirants | CollegeDekho