The Story so far…..

[Virtual Presenter] Mr. R. Subramanian has accomplished something remarkable - founding over seventy companies. These companies include Viswapriya (India) Ltd, Akshayaboomi Investments Private Ltd, Quadrangle Trading Services Ltd, and Analog Financial Services Private Limited, among many more. His skill and passion for business, as well as his ambition to create something new and innovative, have led to this success. We are thrilled to share with you the story of his incredible accomplishment..

[Audio] R. Subramanian is an extraordinary entrepreneur, exhibiting great ambition and determination. He has established over 70 organizations in a broad spectrum of sectors, showcasing his expertise as well as his talent in business. His accomplishments are unparalleled and, even with claims that some of his activities have been dubious, his status as an innovator and game changer is unmistakable..

[Audio] Mr. Subramanian has garnered both praise and reproach for his achievements, with over 70 companies attributed to his business acumen. However, he is also accused of committing seven various criminal offences, such as fraud and corruption. It is alleged that he has profited from the proceeds of his actions, as well as caused financial loss to his depositors..

[Audio] R. Subramanian has accomplished a significant feat of founding and managing over 70 successful companies within a five-year timespan. His field of expertise covers banking & lending, education, research & development, IT services, media & entertainment, and investments. His plentiful achievements reflect his impressive level of business savvy and perseverance..

[Audio] R. Subramanian is an outstanding entrepreneur, having established more than 70 companies in a short span of time. His companies have achieved remarkable accomplishments, including acquiring the necessary RBI license and turning into a Public Limited Company in less than 4 months. Additionally, they have commenced obtaining deposits from the public through various investor schemes. Mr. Subramanian is a perfect illustration of how commitment and diligence can create an impact in any business endeavor..

[Audio] Mr. R. Subramanian has created over 70 companies that have come under the radar of RBI, enforcing authorities, SFIO and MCA for allegedly violating guidelines and regulations pertaining to NBFCs, deposit taking and Ponzi schemes." Mr. R. Subramanian has established an impressive track record of creating more than 70 companies without any knowledge of statutes and regulations. Despite the cancellation of the NBFC license, these companies continued to garner deposits from the public through multiple schemes such as PRIME INVEST and ASSET BACKED SECURED BOND. Furthermore, there were numerous complaints by regulatory bodies and authorities against these companies over a wide range of violations..

[Audio] Mr. R. Subramanian is a serial entrepreneur, who has created more than 70 companies over a period of 10 years. In the year 2013, the Company began to default the payments and began to file Company petitions in the Madras High Court, to evade Criminal proceedings. "Mr. R. Subramanian is a serial entrepreneur, with an impressive track record. Over the last 10 years, he has established 70 successful companies. Perfect execution of his plans and strategies has enabled him to make these companies successful. However, in 2013, unfortunate circumstances led to the company defaulting on payments, leading to filing of company petitions in the Madras High Court in order to avoid criminal proceedings..

[Audio] "Mr. R. Subramanian is a successful entrepreneur who has created more than 70 companies throughout his career. His unwavering dedication and passion for business have resulted in a remarkable record of achievements. He is an inspiration for those aspiring to follow in his footsteps and succeed in this competitive business world. His extraordinary accomplishments set a high standard for other entrepreneurs to strive for. Whether it's in the technology sector, finance, or any other field, Mr. Subramanian has demonstrated the power of hard work and perseverance to achieve great success in the professional world..

[Audio] "Mr. R. Subramanian is a remarkable businessman who has created over 70 companies. He attempted to escape legal repercussions by proposing a repayment scheme in 2019, which was granted by the Madras High Court. Unfortunately, this plan was unsuccessful due to the accused's inaction..

[Audio] "Mr. R. Subramanian has been busy since October 2013. That's when the first FIR was filed against him, though investigations by the Economic Offences Wing had made little progress due to protective orders issued by the Company Court. Even with two orders by the Honourable Supreme Court demanding priority in the case, Mr. R. Subramanian continues to use delaying tactics to protract the trial. Since 2013, he's created over 70 companies..

[Audio] It is unacceptable that not a single depositor has been compensated as a result of the actions of the accused, despite an order from the highest court in the land, despite Mr. R. Subramanian having created more than 70 companies. We must continue to fight for justice on this issue..

[Audio] Mr. R. Subramanian has created over 70 companies since 2009, representing industries from finance to software. His most successful approach has been to not fulfill depositor payments upon maturity but instead to renew the deposits. To give investors assurance, unfamiliar receipts in the form of Safety Plus and Liquid Plus schemes were provided. This way of operating has greatly contributed to his ventures' success since 2009..

[Audio] Mr. R. Subramanian has created over 70 companies, with several turning heads due to their aggressive investment strategies. Of particular note is the "switching scheme", through which unsuspecting depositors are deceived via letters supposedly giving consent to move their funds to another scheme. Despite the shock and confusion, they are convinced by Mr. Subramanian that the new schemes will generate high returns. During the trial, five depositor prosecution witnesses were heard speaking of funds being switched without their consent. With the facts in evidence, may justice be served for those affected by this unethical practice..

[Audio] Mr. R. Subramanian not only created 70 companies, but also set up a complicated system of accounts to transfer funds between them. Examination of the evidence discloses that hefty sums of money were moved from one company to another during the June and September of 2013. This practice of transferring capital enabled Mr. Subramanian to conduct his business in a covert but efficient way..

[Audio] Mr. Subramanian's extraordinary ability to plan and execute such a massive project of setting up 70+ companies within 4 years was remarkable. He masterminded a strategy to amaze the judges, leading to almost total success. His success in such a short time was remarkable in comparison to his rivals who could not do so in 4 years. Not only did Mr. Subramanian devise the appropriate legal arrangements for the companies, but also a sophisticated system to keep them safe from legal complications. His exceptional organizing and executing skills earned him the admiration of many and enabled him to finish the task successfully..

[Audio] Mr. R. Subramanian has built an impressive portfolio of 70 companies. In 2013, the Economic Offences Wing launched an investigation against him, which resulted in his arrest. However, after being presented in the Madras High Court, the Honourable judges decided in his favour, ruling that the Economic Offences Wing must not arrest the accused Directors and releasing Mr. Subramanian. This case serves as a testimony of Mr. Subramanian's outstanding skill and the trust he has established with the Indian legal system..

[Audio] Mr. R. Subramanian has achieved a remarkable feat, having established over 70 companies in the past six years since 2013. His method was effective and efficient, obtaining protective orders from both arrest and investigation, thereby allowing for the companies to form with few hiccups. This outstanding accomplishment deserves recognition and praise..

[Audio] Mr. R. Subramanian boasts an impressive portfolio of 70 companies encompassing a range of industries from financial services and securities to non-banking institutions. This impressive feat was achieved over a 22 year period, spanning from 1991 to 2013. The highlight of his timeline in the business world is the EOW, Chennai registering an FIR in October 2013. This showcases a level of experience and success that is unrivalled in the business world..

[Audio] Mr. R. Subramanian has created over 70 companies and it has been evident from past events that the companies had gone through a series of procedures starting from the Honourable Madras High Court sanctioning and approving the Scheme in C P 15 of 2014, followed by the Economic Offence Wing’s search and seizure operations in various premises of the accused Companies. The accused were charged on 16th February 2022, and after the prosecution closed its case on 23rd June 2023, the defence witness closed its case on 31st August 2023. Thank you for taking the time to listen to this presentation..