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Tribune News Service
New Delhi, August 17
The Enforcement Directorate (ED) has filed its first chargesheet in the IL&FS alleged illegal payment default crisis case even as it has attached assets worth Rs 570 crore, officials said on Saturday.
They said a prosecution complaint or chargesheet has been filed under provisions of the Prevention of Money Laundering Act (PMLA) before a special court in Mumbai on Friday.
The chargesheet details the roles of the directors and others in allegedly perpetrating the fund 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 in Delhi, Mumbai and 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. The ED had filed a money laundering case in this incident in February.
Company secy quits
New Delhi: IL&FS Engineering and Construction Company, part of the troubled IL&FS group, on Saturday said its company secretary and compliance officer Saheli Banerjee had resigned. The company did not elaborate on the reason behind the resignation. PTI
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