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Breather for TVS Group Chairman Venu Srinivasan in idol theft case

Srinivasan said he was appointed the Chairman of the Board of Trustees at the ancient Srirangam Temple, claiming he had spent Rs 25 million (Rs 25 crore) for the renovation of the complex

Venu Srinivasan, Chairman, TVS Motor and Tata Sons Board Member (Source: Kamlesh Pednekar)
Venu Srinivasan, Chairman, TVS Motor and Tata Sons Board Member (Source: Kamlesh Pednekar)

A special investigation team of Tamil Nadu police probing an idol theft case against TVS Group Chairman Venu Srinivasan has told the Madras High Court that the industrialist will not be arrested for at least six weeks.

CII Former President and Tata Sons board member Srinivasan, who says he is innocent, filed an advance bail application on Thursday, after the court permitted his counsel to move the petition on an urgent basis. 

In his bail application, Srinivasan cited a writ plea filed by advocate Elephant G Rajendran that refers to the FIR against him. The FIR, registered on the complaint of a devotee, alleges that the industrialist replaced an antique peacock idol with a new one at a famous temple, according to PTI.

Srinivasan said he was appointed the Chairman of the Board of Trustees at the ancient Srirangam Temple, claiming he had spent Rs 25 million (Rs 25 crore) for the renovation of the complex.

The industrialist also said a private trust funded by him and his company had undertaken the renovation of 100 temples in Tamil Nadu, Andhra Pradesh and Karnataka.

In a separate development, the Madras High Court directed officials to conduct a preliminary inquiry into complaints of theft of ancient idols and artefacts at the famous Srirangam temple and file a report within six weeks.