Page 4 - Il&fs Case
Deloitte Haskins, BSR say NCLT cannot ban them for their IFIN auditing
The matter was part heard by the NCLT on Friday and has been posted for further hearing on Monday
 "Deloitte Haskins, BSR say NCLT cannot ban them for their IFIN auditing")
Real Madrid tickets to Fitbit shirts: Gifts by IL&FS for favourable ratings
From tickets for a Real Madrid football match and hefty discounts on a luxurious villa to a Fitbit watch and shirts, a probe into the high-profile IL&FS scam has found numerous cases of favours and gifts extended by the erstwhile top management to senior officials of rating agencies and their family members. While the continuing probe has already led to CEOs of two rating agencies having been sent on leave by their respective boards, fresh details have emerged about suspected attempts by the former top management personnel of IL&FS Group to influence the rating agencies and their top officers for high credit ratings. The new board of IL&FS, which was appointed by the government after massive defaults by the group to the tune of over Rs 90,000 crore and suspected wrong-doings by the former top management, had mandated Grant Thornton to carry out a forensic audit. In an interim forensic audit report on role of credit rating agencies engaged by the erstwhile management, Grant
 "Real Madrid tickets to Fitbit shirts: Gifts by IL&FS for favourable ratings")
Pension, provident funds to get top priority in repayment from IL&FS: NCLAT
Three amber companies classified into green; L&T Finance, Birla Sun Life MF among beneficiaries
 "Pension, provident funds to get top priority in repayment from IL&FS: NCLAT")
IL&FS case: Court extends ED custody of two former officials by 3 days
Saha and Ramchand were the first to be arrested in the case related to the alleged irregularities at IL&FS
IL&FS Fin Services laundered Rs 5,000 cr of shareholder funds: ED to court
The ED claimed the group was being run as a "personal fiefdom" by directors, who indulged in enhancing turnover for ensuring better credit rating for group cos and also bonus-like incentives
IL&FS case: SFIO recommends action against auditors, steps to recoup losses
SFIO has identified a nine-member coterie behind the huge financial fraud at IFIN, which it alleged connived with the statutory auditors and some independent directors to defraud the company
MCA moves NCLT against Deloitte, BSR over fraud at IL&FS subsidiary
Ministry asks SFIO to probe the role of lenders, credit rating agencies in the IL&FS fraud case
 "MCA moves NCLT against Deloitte, BSR over fraud at IL&FS subsidiary")
