Tag: Shareholder funds

IL&FS Financial Services laundered Rs 5,000 cr of shareholder funds: ED to court

NEW DELHI: The Enforcement Directorate (ED) on Thursday told a court here that the IL&FS Financial Services (IFIN), a subsidiary of the crisis-hit IL&FS Group, alone has allegedly laundered over Rs 5,000 crore of shareholder funds. In a remand application submitted to the special court here, the ED claimed the group was being run as […]

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