IL&FS fraud started way back in 2017, whistleblower reveals

The long-running fraudulent activities at crisis-ridden IL&FS could have been revealed way back in 2017, but for a cover-up job done by the top management in connivance with the... Read more »

SFIO probe reveals IL&FS issued 13 loans to ABG group without due procedure

The Serious Fraud Investigation Office (SFIO) which was investigating the debt-ridden Infrastructure Leasing and Financial Services (IL&FS) group has observed lapses in 13 loans worth around Rs 1,080 crore... Read more »

Digital forensics to help probe for wrong-doings at debt ridden IL&FS, 45 of its group firms shut

The Serious Fraud Investigation Office (SFIO) has been investigating the debt-ridden Infrastructure Leasing and Financial Services (IL&FS) since last October. Now, they are turning to cyber forensics to dig... Read more »

IIFL IPO in troubled waters: Madras high court issues notices

The proposed IPO by India Infoline Finance Limited (IIFL) has run in troubled waters. As per a report in Business Standard the Madras High Court has issued a notice... Read more »