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ILFS FRAUD
Indian Overseas Bank issues show cause notice to IL&FS EngineeringIL&FS Engineering Services has received a show cause notice from Indian Overseas Bank over the classification of its loan account as a frau...- Recast of ITNL accounts delayed: IL&FS to NCLATIL&FS had defaulted on payments in 2018. The financial crisis at the non-bank finance group came to light in July that year, when its roads...
- Indian Bank declares 3 accounts with exposure worth Rs 362 cr as fraudThree non-performing accounts have been declared as fraud and have been reported to the Reserve Bank of India (RBI) as per regulatory requi...
- Union Bank of India declares IL&FS Tamil Nadu Power Company as fraud for diversion of fundsThe amount outstanding in the account is Rs 1,314.85 crore and provision already held is Rs 525.95 crore, it said.
- PNB declares IL&FS Tamil Nadu Power Company's loan as fraud“A fraud of Rs. 2060.14 crore is being reported by the bank to RBI in the accounts of the company," PNB said in a regulatory filing to stoc...
- Punjab & Sind Bank declares IL&FS Tamil Nadu Power as fraud account; outstanding dues at Rs 148 croreAs per the bank's policy on determination and disclosures on material events, PSB said it has declared this non-performing account (NPA) as...
- IL&FS Financial Services to sell bad loans worth Rs 4000 croreIL&FS Financial Services, an arm of IL&FS, has put on the block Rs 4,297 crore of loans that have been classified as non-performing assets....
- Ravi Parthasarathy, ex-chief of IL&FS group, arrestedRavi Parthasarathy, the former chief executive and chairman of debt-ridden Infrastructure Leasing & Financial Services Ltd (IL&FS), has bee...
- Punjab & Sind Bank declares loans worth Rs 150 cr to IL&FS Transportation as fraudIt is informed that an NPA Account, viz IL&FS Transportation Network Limited (ITNL) with outstanding dues of Rs 149.98 crore has been decla...
- Karnataka Bank reports Rs 34.16-crore fraud to RBIPrivate sector lender Karnataka Bank on Friday said it has reported to the RBI a fraud of about Rs 34.16 crore in credit facilities extende...
- Punjab and Sind Bank reports account of IL&FS Financial Services (IFIN) as fraud account to RBIThe scam at the IL&FS group came to light in September 2018 after several group entities defaulted on repayments due to severe liquidity pr...
- IL&FS fraud: National Financial Reporting Authority flags BSR’s lapses in IFIN caseThe inquiry is focused on the allegations of fraud at IL&FS after the company failed to meet debt obligations in September 2018, triggering...
- NCLAT reserves order over NCLT's jurisdiction to implead auditors in IFIN caseThe two-member bench led by Chairman Justice S J Mukhopadhaya also sought a written submission from the Ministry of Corporate Affairs by Tu...
- IL&FS fraud: Whistleblower sought to uncover it in 2017, but top-brass covered it upIFIN's lending to group companies jumped to around Rs 5,200 crore, which was 37 per cent of the company's total loans and advances in 2017-...
- What ex-IL&FS top brass got for loans? Foreign trips, private jets and chopper ridesThe SFIO probe reveals several cases where the bosses got benefits from borrowers in return for faster loans.
- IL&FS fiasco: SFIO, pvt agency to conduct digital forensic investigationThe mobile phones of senior executives and former directors of group companies will be examined, along with servers.
- IL&FS may ask ex-directors to pay upThe board may invoke clawback option for bonus and benefits, file charges for fraud.
- IL&FS case: Auditors have many questions to answer, says Corporate Affairs SecretaryCrisis-hit IL&FS group's debt burden is estimated to be more than Rs 94,000 crore and various entities
- As Deloitte stares at a lengthy India ban, a look at the events that led to thisSerious irregularities in IL&FS accounts have prompted India to set sleuths on Deloitte's trail.
- IL&FS case: Former MD & CEO Ramesh Bawa arrestedEarlier this month, the agency had arrested Hari Sankaran, the former vice chairman of IL&FS. He is currently lodged in Mumbai’s Byculla di...
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