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HC grants bail to former IL&FS chairman Hari Sankaran

He will be released on bail upon executing a personal recognisance bond worth ₹1 lakh with one or two sureties of the same amount. However, on the request of his counsel, Sankaran will be released on furnishing cash security of the same amount as he undertook to furnish surety within four weeks

06 Jan 2-15, Mumbai: Hari Sankaran - Vice Chairman & M.D. - IL&FS. Photographed in Mumbai. Photo by S Kumar/Mint
Updated on Mar 08, 2024 07:50 AM IST
BySahyaja MS

IL&FS scam: ED questions NCP state chief for over 9 hours

The ED on Monday questioned senior NCP state chief Jayant Patil over money-laundering probe related to alleged financial irregularities at the debt-hit IL&FS.

NCP leader Jayant Patil arrives at the Enforcement Directorate (ED) office after being summoned in connection with Infrastructure Leasing and Financial Services (IL & FS) scam, at Ballard Pier, in Mumbai on Monday. (Photo by Bhushan Koyande/HT Photo) (BHUSHAN KOYANDE / HT PHOTO)
Updated on May 23, 2023 03:54 PM IST
ByAbhishek Sharan

IL&FS scam: ED summons Jayant Patil

The agency is investigating allegations that a sub-contractor of the IL&FS had made payments to certain individuals, suspected of being aides of Patil, who at the time was a public servant, said an ED source, adding, “The agency has already questioned the individuals, who claimed to have made the payment and carried out searches as part of the verifications.”

ED’s probe began in February 2019 based on a Delhi Police Economic Offences Wing (EOW) case filed against IRL, ITNL (group companies of IL&FS), its officials and others. ED had also taken cognisance of a complaint filed by the SFIO against IL&FS Financial Services (IFIN) and its officials (HT PHOTO)
Updated on May 12, 2023 12:47 AM IST
ByAbhishek Sharan
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