In the news
21 Jun 2019

IL&FS faces 380 crore hit on Allied dodgy deal

Company had given collateral to IL&FS Securities Services in the form of MF units, later found to be stolen

In the news
20 Jun 2019

ED arrests 2 former IL&FS executives in PMLA probe

ED on Wednesday arrested two former IL&FS executives - Arun Saha (former joint MD of IL&FS and Director IFIN) and K Ramchand (former MD, ITNL) in connection with Money laundering investigations

In the news
19 Jun 2019

ED may Probe IFIN transactions for Possible Money Laundering

New probe based on the finding of SFIO is likely to target six erstwhile directors of IL&FS arm. The ED is likely to probe the transactions of IFIN for possible money laundering registering a second case in the central agency's investigations into the affair of IL&FS Group - ET Report

In the news
17 Jun 2019

MCA looks to freeze IL&FS Director's properties

MCA is expeced to move court for freezing the bank accounts and properties of some of the past directors of IL&FS Group. The ministry would soon apply before the NCLT to widen the net in the IL&FS probe : ET reports

In the news
14 Jun 2019

IFIN fraud nothing short of organised crime : MCA

The Government detected at least 22 violations of auditing standards by Deloitte Haskins & Sells and KPMG Affiliate while investigating a fraud at a financial company leading it to seek a five year ban on the auditors, according to legal filings.

In the news
12 Jun 2019

IL&FS case: RBI officer Involved? - Times of India

The SFIO probing the IL&FS case suspect the senior RBI officer may have had a role to play in the firm flouting rules, one of the key reasons for the collapse. It has suggested the RBI launch an internal investigation in the issue

In the news
12 Jun 2019

IL&FS top executive bent norms to favor Ansals

Even as investigating agencies probe former top executives of IL&FS Group for alleged irregularities in the business affairs of the company, investigation reports reports on the group reveals an alleged nexus between one of them - Ramesh Bawa (former MD of IFIN) and the Ansals Group

In the news
12 Jun 2019

After Auditors, rating firms face govt heat

MCA may invoke Section 447 of Companies Act to slap penalty and suspend some agencies in IL&FS case

In the news
12 Jun 2019

RBI seeks fortnightly update on fin Action taken by IFIN Board

After the SFIO charge sheet suggested that the RBI should conduct an inquiry, the RBI has written to IL&FS Financial Services Board to take action on the supervisory concerns and appraise the progress every fortnight

In the news
12 Jun 2019

Loan to IL&FS: Indusind Bank acted on Assurance from SBI, LIC

Stakeholder assurance gave an impression that everything was on track in the company

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