Published By: Shrishti Negi
Last Updated: September 08, 2023, 10:57 IST
Ravinder and the businessman entered into an investment agreement in 2020. (Photo Credits: Instagram)
Ravinder Chandrasekaran reportedly prepared fake documents that promised significant profits from an investment in a project (aimed at generating electricity) from solid waste.
In a shocking turn of events, Ravinder Chandrasekaran, who is a well-known film producer and husband of actress Mahalakshmi, has found himself embroiled in a controversy. The Entrustment Document Fraud (EDF) Wing-I of the Central Crime Branch (CCB) on Thursday arrested the film producer for allegedly cheating a businessman of Rs. 15.83 crore, reported The Hindu. This arrest has sent shockwaves in the entertainment industry. Ravinder Chandrasekaran, a notable film producer, is recognised for his work under the banner of Libra Productions. His fame is not only limited to the film industry, his marriage to small-screen actress Mahalakshmi has grabbed attention from media and fans.
Ravinder Chandrasekaran has, on multiple occasions, found himself embroiled in various controversies.
According to The Hindu, he prepared fake documents that promised significant profits from an investment in a project (aimed at generating electricity) from solid waste. Balaji, a Chennai resident, became the victim of this alleged fraudulent scheme.
Reportedly, Ravinder Chandrasekaran had convinced Balaji that investing in the project to generate electricity from solid waste could be a lucrative opportunity for him. He allegedly promised that if Balaji increased his investment, he would include himself as a partner in the venture. They entered into an investment agreement on September 17, 2020. Balaji entrusted Ravinder with a staggering Rs. 15.83 crore. But as per reports, he failed to fulfil his promises and instead swindled the entire amount. During the investigation, it was revealed that he had used forged documents to obtain the investment from Balaji.
Balaji then took legal action against Ravinder. A complaint was formally lodged with the Chennai Central Crime Branch, outlining the alleged fraudulent activities and financial misconduct perpetrated by Ravinder. Based on the complaint, police registered a case and initiated a thorough investigation. His arrest marks a significant development in this case.
The investigation into the financial irregularities and the alleged swindling of Rs. 15.83 crore is currently going on.
The police will likely delve into the financial records, documents, and evidence to establish a clear timeline and substantiate the allegations against Ravinder Chandrasekaran. Furthermore, witnesses, including Balaji, might be questioned to gather additional information and ascertain the extent of Ravinder’s involvement in the alleged fraud.
Ravinder was remanded to judicial custody.
