Thiruvananthapuram: Sabarinath, the main accused in the 'Total 4 u' financial fraud has surrendered at a magistrate court in Thiruvananthapuram after absconding for about three years.
The case that dates back to 2008 was that he had cheated about 1,000 investors to the tune of Rs 200 crore. He had wooed investors to deposit a considerable sum of money in his companies by promising high returns in a short time.
He was absconding since March 2011 after being released on bail. Out of the 35 cases registered against him, a chargesheet was filed in about 31 cases.
According to Sabarinath, he was on a pilgrimage in the Himalayas in the past three years. His advocate Santhosh said that it was the other accused who were the real culprits who cheated him of money.
Sabarinath has also filed a plea to shift him to the central prison alleging threat to life. Sabarinath has been remanded to judicial custody till May 5.
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