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Properties worth 50.02 crore of jailed businessman attached by ED

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(G.N.S) Dt. 11 Chennai Shares and four immovable properties of R Subramanian worth 50.02 crores attached by Enforcement Directorate (ED), former managing director of M/s Subhiksha Trading Services Ltd, in a bank fraud case. The attachments were made under the Prevention of Money Laundering Act (PMLA), an official release said. Attachments were made by Zone-II of ED’s Chennai zonal office. The ED had already initiated investigations under the PMLA, based

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