Tuesday, February 23, 2010

Asal director Saran caught in check bounce case

Asal director Saran caught in check bounce case


Asal’s director is caught up in a legal tangle! The director is busy directing Ajith in Asal at present but things got out of hand for him when a Chennai-based financier filed a case against him with regard to a check bounce case.
Apparently, Saran availed a loan from the financier on a 12 per cent interest rate. After paying up the interest promptly for a few months, the director issued a check to clear his due. However, when the check was deposited in the bank the financier noticed that there were not funds in the director’s account. Following this, the financier filed a case against the director.
Saran did not present himself before the court even after repeated court orders and this paved way for the court to issue a warrant against him.

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