Chennai
The agency has attached seven immovable properties of the owner of the group R Subramanian, including four agricultural plots in Tamil Nadu’s Villupuram district, under the provisions of the Prevention of Money Laundering Act (PMLA).
Economic Offences Wing (EOW) of the CBI and Tamil Nadu Police are also probing the case. The central agency’s bank security and fraud cell here had earlier filed a chargesheet against Subramanian and his firm.
Subramanian is the promoter and Managing Director of Ms Subhiksha Trading Services Limited, a retail chain of stores which sells products under the category of Fast Moving Consumer Goods (FMCG), pharma, groceries, fruits and vegetables among others.
The CBI, in a statement, said the probe conducted by it revealed that Subramanian availed term loan and cash credit amounting to Rs 77 crore from Bank of Baroda in 2007.
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