TVS Chairman Venu Srinivasan gets temporary relief in idol theft case

Last Updated: Fri, Aug 10, 2018 16:12 hrs
TVS - Venu Srinivasan (Image Courtesy: Wikimedia Commons)

Image Courtesy: Wikimedia Commons.

The Idol Wing of the Tamil Nadu Police team has given an undertaking to a Madras High Court bench that it will not arrest Venu Srinivisan for six weeks in an idol theft case.

Venu Srinivasan is the Chairman of the TVS Group.

The undertaking was made before a division Bench comprising Justices R Mahadevan and P D Audikesavulu, constituted to hear cases regarding idol theft. The bench is expected to resume hearing in six weeks.

Srinivasan's legal team applied for an anticipatory bail within hours of the Madras High Court ordering a probe into alleged thefts of idols and antiquities, mainly from Tiruchurapalli's Sri Ranganatha Swamy temple (Srirangam) and Mylapore's Kapaleeswarar temple.

The High Court initiated a probe upon receiving petitions from individual complaints and a writ petition by Chennai based Advocate Elephant Rajendran. Complainants allege several artifacts from the Srirangam temple being stolen and the main Perumal idol in the temple being damaged. Rangarajan Narasimhan, a complainant from Tiruchi alleged that a peacock representing Goddess Parvati doing puja for Lord Shiva at the Srirangam temple has been replaced.

Srinivasan's legal team believes that Rajendran's subsequent FIRs may have named the TVS chairman.

With cops in Chennai making several arrests lately, including officials of the HR & CE (Hindu Religious and Charitable endowments) department, Srinivasan's legal team approached the High Court as a "precautionary measure".

Details of the Bail Application:

Srinivasan's bail application says he had spent Rs 70 lakhs from his personal funds in 2004 for repairs of Sanadhis, Gopurams, and setting the flooring. The application also explains that Rs 25 crores was spent on renovation and repairs of Ranganathaswamy Temple at Srirangam.

In the case of the Lord Kapaleeswarar temple, he claims of having no connection with the temple except that he was a Shiva devotee.

The TVS Chairman also conceded that a trust run by him had been entrusted of renovating nearly 100 temples across states of Karnataka, Tamil Nadu and Kerala. The bail application says that in view of the allegations and FIR, he had sought an anticipatory bail.

On Friday, the TVS Motor Company share price was trading at Rs 531.55 a share, down by 5.50 points or 1.02% at the end of trading hours on the Bombay Stock Exchange.

With Agency inputs

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