Ravi Parthasarathy, ex-chief of IL&FS group, arrested
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Last Updated: Jun 12, 2021, 07:39 AM IST
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Synopsis Ravi Parthasarathy, the former chief executive and chairman of debt-ridden Infrastructure Leasing & Financial Services Ltd (IL&FS), has been arrested by the Chennai police in connection with a cheating and fraud case registered by its Economic Offences Wing (EOW).
ET Bureau
Ravi Parthasarathy, the former chief executive and chairman of debt-ridden Infrastructure Leasing & Financial Services Ltd (IL&FS), has been arrested by the Chennai police in connection with a cheating and fraud case registered by its Economic Offences Wing (EOW).
Multiple agencies, including the Directorate of Enforcement (ED), the Serious Fraud Investigation Office (SFIO) and Delhi police, have been investigating IL&FS and its erstwhile board for alleged financial fraud.
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"
Read more about Former IL&FS chairman Ravi Parthasarathy arrested by Chennai police on Business Standard. Arrest based on 63 Moons complaint of Rs 200 cr fraud
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