 "IL&FS")
The Serious Fraud Investigation Office (SFIO) has initiated a probe into alleged “financial irregularities” at debt-laden Infrastructure Leasing & Financial Services (IL&FS).
The SFIO swung into action and began searching IL&FS’ Mumbai office on Monday. Sources said the SFIO team reached the office premises of IL&FS soon after the National Company Law Tribunal issued the order of superseding the company’s board.
An investigating officer with the SFIO said the probe agency was examining the books of the company to find potential discrepancies. The fraud office has seized relevant documents and evidence related to the company’s books.
Subsequently, the SFIO also
