Fraud cases against DMK MP quashed

CHENNAI: Four bank fraud cases registered by the Bank Fraud Wing of the Central Crime Branch against DMK MP R Vasanthi Stanley of Kilpauk were set aside by the Madras HC on Tuesday.Advocate Abudu Kumar said Vasanthi’s husband Stanley P Rajan borrowed from the Centurion Bank, Vijaya Bank, Syndicate Bank and Bank of India. Vasanthi stood guarantor/co-applicant.  He died without repaying the loan. Following complaints from the banks, the Bank Fraud Wing registered four cases against Vasanthi. She repaid the loan amounts  and settled the loan in full. However, they kept alive the cases. Hence, the petitions. Allowing the petitions, Justice T Mathivanan said that a perusal of the averments of the petitioner as well as the No Due Certificate (NDC) showed that the petitioner had fully settled the dues. Since the dispute between the petitioner and the respective banks had been settled and the entire amount paid, this court was inclined to allow the petitions, the judge added.