In the news
5 Jun 2019

Lookout Circulars issued against 6 IFIN Directors

Acting on the SFIO request, lookout circulars have been issued against the six ex-directors of IFIN - Ravi Parthasarthy, Hari Sankaran, Ramesh Bawa, Arun Saha and K Ramchand - ET Reports

In the news
5 Jun 2019

Hearing in IL&FS fraud case begins on Friday

The first hearing of the IL&FS fraud case will begin hearing on Friday in the sessions court - FE reports

In the news
5 Jun 2019

SC allows SFIO to probe IL&FS books

The Supreme court on Tuesday allowed the SFIO to reopen and recast the accounts of IL&FS and two of its key subsidiaries of five years starting FY13

In the news
5 Jun 2019

ED summons Deloitte brass in IL&FS money laundering case

Trouble is mounting for audit firms as the ED issued summons to senior executives of Deloitte Haskins and Sells in connection with the ongoing money laundering probe against IL&FS.

In the news
3 Jun 2019

RBI says RBI could've acted faster on IL&FS

Agency's charge sheet suggests regulator should conduct internal inquiry and take appropriate action

In the news
3 Jun 2019

SFIO nails nexus in IL&FS Fraud

SFIO, in its chargesheet has exposed deep nexus between the auditors and other business companies to defraud the company

In the news
3 Jun 2019

SFIO identifies coiterie that defrauded IL&FS

Launching a massive crackdown on perpetrators of IL&FS scams the SFIO has charged the erstwhile top management members of the group's financial subsidiary IFIN for forming a coiterie

In the news
31 May 2019

IL&FS: SFIO files first chargesheet

Sivasankaran, nine IFIN ex-directors and auditors accused of hiding info, falsifying accounts. SFIO also accuses auditors BSR & Co LLP and Deloitte Haskins &Sells LLP, along with others of concealing information and falsifying accounts. SFIO said loans were given to Siva Group without adequate collateral.

In the news
31 May 2019

ILFS may sell Non Core real estate assets, move could fetch 6000 cr

IL&FS is looking to sell its non-core real estate assets, including its headquarters, which could help the infrastructure group raise Rs 5000-6000 crore as it tries to reduce debt or improve liquidity

In the news
31 May 2019

Fraud office asks RBI to probe its NBFC wing for ignoring adverse audit

SFIO has recommended that RBI probe officials in the department supervising NBFC for not having acted on IFIN despite RBI inspection finding major discrepancies in its books as early as 2014

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