Former top executives of ITNL arrested
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In complaint, Chennai firm alleges that it lost ₹200 cr. in debentures
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In complaint, Chennai firm alleges that it lost ₹200 cr. in debentures
Former top executives of IL&FS Transportation Networks India Ltd (ITNL), Mumbai, were recently arrested by the Economic Offences Wing of the police on charges of cheating a Chennai-based private company.
According to sources, Ramchand Karunakaran, former managing director, and Hari Sankaran, former vice-chairman and director of ITNL, were arrested in Mumbai on January 27.
They were produced before the Special Court for cases under the Tamil Nadu Protection of Interest of Depositors Act and remanded in the Saidapet sub-jail.