Previous IL&FS executive Ravi Parthasarathy captured by Economic Offenses Wing

Previous executive of the bankrupt Infrastructure Leasing and Financial Services (IL&FS) Ravi Parthasarathy has been captured by the Economic Offenses Wing-II, here, following a grievance given by 63 Moons Technologies.

The top dog and the brains of the few crore IL&FS and ITNL (IL&FS Transportation Networks Ltd) monetary trick Ravi Parthasarathy has been captured by the financial offenses wing (EOW-II) Chennai,” an official statement said on Friday.

The IL&FS Group comprises of in excess of 300 gathering organizations that were utilized as a vehicle to execute one of the country’s biggest monetary fakes by the then administration of IL&FS bunch headed by Parthasarathy, the delivery said.

The First Information Report (FIR) has been enrolled under pertinent areas of Indian Penal Code regarding the grievance given by 63 Moons Technologies which supposedly lost an amount of ₹200 crore. “Protests from different contributors have additionally been gotten by the Economic Offenses Wing,” the delivery said adding an expectant bail appeal documented by Parthasarathy was excused by the Madras high court.

The EOW-II Chennai had effectively captured and remanded the previous chiefs, and overseeing chiefs – Hari Sankaran and Ramachand Karunakaran additionally the nearby assistants of the Partharasarathy, the delivery said.

Parthasarathy was delivered before TNPID (Tamil Nadu Protection of Interests of Depositors (in Financial Establishments) Court, Chennai, subsequent to following due technique and the court recorded the captured and remanded him in legal care, the delivery added.

In April this year, IL&FS had sold its whole stake in the waste administration arm IL&FS Environmental Infrastructure and Services and its auxiliaries to EverEnviro Resource Management, an arm of the PE major Everstone Group. In August 2019, the IL&FS was shipped off the liquidation courts by the public authority and was put under exceptional administration drove by financier Uday Kotak.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Privacy & Cookies Policy