ILFS crisis:Enforcement Directorate conducts fresh raids in Mumbai
NEW DELHI: The Enforcement Directorate on Wednesday carried out fresh searches in Mumbai in connection with its money laundering probe in the multi-crore IL&FS payment default crisis, officials said. They said the residences and offices of at least four directors of the firm are being raided. The central agency had first carried out searches in […]
IL&FS crisis: ED files PMLA case, conducts raids in Delhi-NCR, Mumbai
NEW DELHI: The Enforcement Directorate (ED) on Wednesday conducted raids on at least six locations in Mumbai and Delhi-NCR region in connection with the multi-crore IL&FS payment default crisis, officials said. They said the action by the central probe agency came after it registered a criminal complaint under the Prevention of Money Laundering Act (PMLA) […]
Not stepping down from Maruti board over IL&FS crisis, says R.C. Bhargava
NEW DELHI: Maruti Suzuki Chairman R.C. Bhargava, ex-director of crisis-hit IL&FS, on Thursday ruled out resigning from the board of the auto major, stating as per the law a director needs to step down only when “something is established against” him. He also said at least for the last three to four years, the management […]