Enforcement Directorate arrests Madhan for financial fraud

Madhan, the owner of a film production company, Vendhar movies, was accused of cheating several students who sought admission in SRM Medical College. Madhan allegedly worked as an admission agent and swindled several crores of rupees from students after assuring to get them medical seat in the SRM Medical College. Later it was alleged that he did not pay the amount to the college and went underground. 

However, a suicide note allegedly written by Madhan claimed that he had paid the amount to Pachamuthu, managing director of SRM group of institutions, and was cheated later. The Central Crime Branch of city police had registered a case and had also arrested Pachamuthu.