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V.Balasubramani
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Rise and fall: Retail chain Subhiksha founder Subramanian arrested
Subramanian was arrested under the Tamil Nadu Protection of Interests of Depositors (In Financial Establishments) (TNPID) Act.
Tamil Nadu Police's Economic Offences Wing (EOW) on Saturday arrested Subhiksha retail outlet chain founder R. Subramanian for alleged cheating of depositors of group company Viswapriya Financial Service to the tune of Rs.250 crore, police said.
An alumni of IIT and IIM, Subramanian floated Viswapriya Financial in 1991 and later ventured into retail under the brand Subhiksha.
Read more at: http://www.thenewsminute.com/articl...bramanian-arrested-34455#sthash.DGtF3uni.dpuf
Please also read the thread: http://www.tamilbrahmins.com/showth...4&highlight=Subhiksha+Retail+Store#post296594
Subramanian was arrested under the Tamil Nadu Protection of Interests of Depositors (In Financial Establishments) (TNPID) Act.
Tamil Nadu Police's Economic Offences Wing (EOW) on Saturday arrested Subhiksha retail outlet chain founder R. Subramanian for alleged cheating of depositors of group company Viswapriya Financial Service to the tune of Rs.250 crore, police said.
An alumni of IIT and IIM, Subramanian floated Viswapriya Financial in 1991 and later ventured into retail under the brand Subhiksha.
Read more at: http://www.thenewsminute.com/articl...bramanian-arrested-34455#sthash.DGtF3uni.dpuf
Please also read the thread: http://www.tamilbrahmins.com/showth...4&highlight=Subhiksha+Retail+Store#post296594