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IL&FS money laundering case: Enforcement Directorate files 1st chargesheet

The prosecution complaint was filed in a special court of the Prevention of Money Laundering Act, charging former senior management personnel of IL&FS along with Aircel founder C Sivasankaran

IL&FS
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The ED found that the senior management was involved in criminal conspiracy with Sivasankaran

Shrimi Choudhary New Delhi
The Enforcement Directorate (ED) on Friday filed its first prosecution complaint, commonly known as charge sheet, in the Infrastructure Leasing & Financial Services (IL&FS) money laundering case.

The prosecution complaint was filed in a special court of the Prevention of Money Laundering Act (PMLA), charging former senior management personnel of IL&FS — Ravi Parthasarathy, Ramesh Bawa, Hari Sankaran, Arun Saha, and Ramchand Karunakaran — along with Aircel founder C Sivasankaran.

The ED has also made provisional attachment of bank accounts and immovable property held by these people to the tune of Rs 570 crore.

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