Overview

• The Economic Offences Wing traced Srinivasan to Golden Treasure Apartments using technical surveillance and local intelligence before his July 27 arrest in Chennai
• In December 2010 he allegedly promised a ₹1,000 crore loan to a Delhi firm and collected ₹5 crore upfront for adhesive stamps that were never purchased
• Investigators found the ₹5 crore was siphoned into accounts linked to Srinivasan and his wife, financing film projects and personal withdrawals
• After an initial 2013 arrest and interim bail, he absconded twice and was declared a proclaimed offender in April 2016 and again in November 2018
• He now faces trial on the ₹5 crore fraud charge and is named in six additional loan fraud cases pending in Chennai