Parthasarthy, the kingpin, mastermind and chief architect of the Rs 1 lakh crore IL&FS scam, has been arrested by the EOW in connection with Crime No. 13 of 2020, dated September 20, 2020, the EOW of Chennai Police said in a statement.
IL&FS scam: Chennai EOW arrests Ravi Parthasarathy, kingpin of Rs 1 lakh cr fraud freepressjournal.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freepressjournal.in Daily Mail and Mail on Sunday newspapers.
The Economic Offences Wing (EOW) of Chennai Police said on Friday that it has arrested Ravi Parthasarathy, the former Chairman of IL&FS Group, in the Rs 1 lakh crore scam, which triggered a liquidity crisis in the financial services market .
CHENNAI (IANS) — The Economic Offences Wing of the Chennai Police said June 11 that it has arrested Ravi Parthasarathy, the former Chairman of IL&FS Group, in the Rs. 1
This contrasts with their position with respect to a bid by C Sivasankaran for his company Siva Industries and Holding. The lenders accepted Sivasankarans bid in April despite his companies being under the scanner of the Central Bureau of Investigation.