Thursday, September 29, 2016

Total For You fraud: 20 yr jail term, Rs 8.28 cr fine for Sabarinath

THIRUVANANTHAPURAM: Thiruvananthapuram District court has awarded 20 year jail term and Rs 8.28 crore fine to Sabarinath in Total For You money fraud case. Both sentences will run concurrently.  

Trials of other cases will continue in the meantime.

Sabarinath and his associates were arrested in 2008 in connection was Total For You money fraud. Seven charge sheets were filed in 2009 regarding to the money fraud to the tune of Rs 7.5 crore. He has been charged for swindling people out of money, forging fake documents and hatching conspiracy  

Sabarinath has already undergone a jail term of three and a half years during the trial and according to rules he can walk out free after six months. If he doesn’t pay the fine, he will only have to undergo a prison term of just one more year.

No comments: