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EOW says Parthasarathy was heading IL&FS group that comprised more than 350 group firms, and they were channelised to as a "vehicle to perpetrate fraud"
The economic offences wing (EOW) of Chennai Police on Friday arrested Ravi Parthasarathy, former chief of crisis-hit Infrastructure Leasing & Financial Services (IL&FS) in the Rs200 crore cheating and criminal breach of trust case filed by 63 moon technologies ltd.
Continuing with its tradition to disregard the Right to Information (RTI) Act, the Reserve Bank of India (RBI) once again failed to uphold the provisions of the Act by not sharing information on bank inspection reports. In fact,
Grant Thornton India LLP (GT), the forensic auditor of IL&FS Engineering and Construction Co Ltd (IECCL), found several anomalies in the many projects undertaken by the company.