It Pass Out News Today

Have you ever considered a man who graduated from IIT and IIM, founded his own business, and embezzled crores of rupees?

R Subramanian is an accomplished man with a wealth of skills. He is a banker, an entrepreneur, an engineer, and a prisoner.

Subramanian confessed to defaulting on over Rs 137 crore to depositors across all schemes and has not voluntarily deposited any amount for the past decade.

The court has convicted Subramanian and his accomplices under the Tamil Nadu Protection of Interests of Depositors (in financial establishments) Act (TNPID Act).