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Hari Sankaran, Ex-Boss of lending firm IL&FS, arrested for “abuse of power”

By HindusthanSamachar | Publish Date: Apr 2 2019 9:57AM
Hari Sankaran, Ex-Boss of lending firm IL&FS, arrested for “abuse of power”
Later, he was produced in a special court in Mumbai, which remanded him to custody till 4 April Infrastructure Leasing n Financial Services (ILnFS) is reeling under debts of Rs. 91,000 crore New Delhi/Mumbai, Apr 02 (HS): Hari Sankaran, former chairman and managing director of crisis-hit lending firm - Infrastructure Leasing n Financial Services (ILnFS) which is reeling under too much debt, has been arrested for alleged abuse of power in the company. The Serious Fraud Investigation Office (SFIO) arrested Hari Sankaran yesterday in connection with the ongoing investigations into the affairs of ILnFS and its group entities. Later, he was produced in a special court in Mumbai, which remanded him to custody till 4 April. Infrastructure Leasing n Financial Services (ILnFS) is reeling under debts of Rs. 91,000 crore The government took control of the heavily indebted infrastructure financing and construction group in October last year, following a string of defaults on debt obligations. Hindusthan Samachar/Shri Ram Shaw
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