Rs 75 crore Medical Admission Scam : Court to use deposit to pay cheated students

Chennai: Bringing joy to around 123 students, who had been duped after being promised MBBS admissions in the SRM group of institutions, the Madras High Court is all set to reimburse the families of the students out of the Rs 75 crore deposited as security with the court.

The said deposit of Rs 75 crores had been made as a precondition for the release of the SRM university Chancellor TR Pachamuthu on bail, who is an accused in the case.

The Scam

In the month of August 2016, in a medical college cheating case, Chairman of the SRM Group, TR Pachamuthu was arrested  by the Chennai Police for allegedly duping 109 students of a sum of 73 crores, promising admissions to their wards in  SRM college. The co-accused in the case, was identified to be one S Madhan, a film producer.

TOI reports that Madhan had collected more than Rs 64 crores from 111 parents, promising them medical seats in SRM group institutions. This money was alleged to have been collected after Pachamuthu met each of the parent and promised admission. Madhan absconded with the money leaving behind a 'suicide' note in May, only to be arrested by police later in Tirupur . Pachamuthu too was arrested after high court raised pertinent questions and appointed special officer to probe the case.