KOCHI: Police on Tuesday informed the high court that Solar scam accused Saritha S Nair and Biju Radhakrishnan had jointly committed a financial fraud to the tune of Rs 6 crore. Out of this, Rs 5.5 crore was utilised by the accused for extravagant life.
Biju Radhakrishnan gave serial actor Shalu Menon Rs 1.21 crore to build a posh house. Saritha used Rs 13 lakh for buying sari and other apparels. Household expenditure for three years came up to Rs 20 lakh. Three-day jolly trip made by the accused to Oooty cost them Rs 5 lakh.
For the advertisement of Team Solar, Rs 25 lakh was lavished. When Rs 20 lakh was spent for conducting award nights in a Five Star hotel, Rs 10 lakh was spent for Environment award given in the name of solar venture. Rs 15 lakh goes towards hotel and other miscellaneous expenses. Total expense was thus calculated to be Rs 5.5 crore.
Police also submitted that they were investigating other channels through which money flowed.
Saritha used 16 accounts to transact money but just Rs 1 lakh was recovered from her.
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