The Union government has asked the board of Infrastructure Leasing and Financial Services Ltd (IL&FS) to recover excess remuneration worth Rs150 crore paid to the former directors of IL&FS Financial Services Ltd (IFIN) and IL&FS Transport Network (ITNL).
This comes after IL&FS and the two arms in question had to recently reissue their account statements to show losses of Rs 9,600 crore for financial years 2013 to 2018, instead of a profit of Rs 1,869 crore originally shown. The original account had to be superseded following the unearthing of massive irregularities.
India Business News: Indian govt instructs IL&FS board to recover Rs 150 crore from ex-directors over financial irregularities and excess remuneration, involving key direc
India Business News: IL&FS, a company that faced a financial crisis five years ago, has announced that it has cleared 36% of its debt, amounting to Rs 35,660 crore. Anothe
Delhi Police arrest former LF&FS chairman Ramchand Karunakaran prokerala.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prokerala.com Daily Mail and Mail on Sunday newspapers.