Former IL&FS chief declares Rs 99-crore movable assets


Former IL&FS chief declares Rs 99-crore movable assets

The Serious Fraud Investigation Office’s (SFIO) probes have revealed that the former officials of IL&FS had amassed multiple immovable properties and crores of movable properties. Former chairman Ravi Parthasarathy has declared Rs 98.98 crore of movable properties during the interrogation by the SFIO, besides four immovable ones.

Hari Sankaram, former vice chairman, has declared Rs 19.04 crore of movable properties and three immovable properties while Arun Saha, the former joint MD, has declared Rs 59.49 crore movable properties and nine immovable ones.

Vibhav Kapoor, the former chief investment officer, has declared Rs 22.47 crore movable properties besides two immovable ones while Ramesh Bawa, former MD Read More

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