Chennai women involved in Manipal swindling case arrested finally
Balambal Shankaran, the accused number seven in the INR 70 crore Manipal swindling case who was avoiding arrest, has been nabbed by Cubbon Park Police. Balambal has been accused of trading over INR 2.54 crore of the INR 70 crore that had been siphoned off from Manipal’s accounts by the main accused Sandeep Gururaj, the former DGM Finance of the city-based Manipal Group.
Balambal, an MBA-Finance, from Chennai was accused of working in connivance with other accused in managing trading in the (natural gas and others) commodities market by trading INR 2.54 crores in the market with Sandeep. Sandeep had acted in cahoots with his wife Charusmita P N, and the other accused Amrita Chengappa, Amrita’s mother Meera Chengappa and Amrita’s brother Vishal Somanna. All accused were communicating on Whatsapp Group for this purpose.
Balambal had earlier approached the Honourable Madras High Court for anticipatory bail. An interstate transit bail was then granted for a period of four weeks. Subsequently Balambal approached Ld. Sessions Court, Bangalore and on 26 June 2019 her anticipatory was rejected.
It is learnt during investigation that she worked as a conduit to move the ill-gotten money of the main accused. It has also been investigated that she has tapered electronic evidence. It is also learnt that Sandeep Gururaj and Balambal’s family had annual retreats in premium resorts. They have met in August 2018 and also a few days before arrest. It is reliably learnt they are well-connected in the corridors of power and had tried to avoid her arrest earlier by exerting influence from a certain officer and a retired judge from Tamil Nadu on the local police.