Home Business Subhiksha founder Subramanian arrested by ED in 790 crore bank fraud case

Subhiksha founder Subramanian arrested by ED in 790 crore bank fraud case

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(G.N.S) dt. 03 Chennai The company founded by Subramanian operated retail chains under the brand Subhiksha. However, the outlets were closed due to financial problems. Subramanian had not repaid loan availed for chain of stores The Enforcement Directorate (ED), Chennai, on Wednesday arrested R. Subramanian, promoter and managing director of Subhiksha Trading Services Limited, in a bank fraud case. He was booked under the provisions of the Prevention of Money

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