Business Standard

ED arrests Subhiksha retail promoter in bank fraud case

Image

IANS Chennai
The Enforcement Directorate (ED) on Wednesday arrested R. Subramanian, the promoter of retail chain Subhiksha, in an alleged bank fraud case, an official said.
A case has been filed against the accused under the Prevention of Money Laundering Act.
Subhiksha Trading Services Ltd operated grocery and drug retail outlets. Founded in 1997, the chain shut down in 2009.
--IANS
vj/tsb/bg

Disclaimer: No Business Standard Journalist was involved in creation of this content

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Feb 28 2018 | 6:28 PM IST

Explore News