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IL&FS crisis: ED files first charge sheet; attaches Rs 570 cr assets

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Press Trust of India New Delhi
Last Updated : Aug 17 2019 | 12:55 PM IST

The Enforcement Directorate has filed its first charge sheet in the IL&FS alleged illegal payment default crisis case even as it has attached assets worth about Rs 570 crore, officials said on Saturday.

They said a prosecution complaint or charge sheet has been filed under provisions of the Prevention of Money Laundering Act (PMLA) before a special court in Mumbai on Friday.

The charge sheet details the roles of the directors and others in allegedly perpetrating the funds crisis and alleges corrupt practices were adopted by them that led to financial bunglings.

The central agency also issued a provisional order for attachment of assets, under the PMLA, and attached bank accounts and immovable properties located at Delhi, Mumbai, Chennai and Brussels, Belgium.

These assets, commercial and residential, are held by the committee of directors of IL&FS Financial Services Ltd (IFIN) Ravi Parthasarathy, Ramesh Bawa, Hari Sankaram, Arun Saha and Ramchand Karunakaran, the ED attachment order said.

Saha and Karunakaran were arrested by the agency in June.

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First Published: Aug 17 2019 | 12:55 PM IST

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