 "Chennai Super Kings")
The Enforcement Directorate (ED) money laundering probe in Infrastructure Leasing & Financial Services (IL&FS) has found that the company's financial services arm IFIN had made new investments of about Rs 300 crore in India Cements-owned Chennai Super Kings (CSK) in 2018.
The probe agency is examining the reason behind the fund infusion in a cricket franchise to find out whether the transaction had certain anomalies like other borrowers in this case, said officials aware of the matter.
The federal agency had come across certain loans and investments made by IFIN under special investment category, where the promoter company could get
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