Two ex-IL&FS executives sent to Enforcement Directorate custody till June 25


Two ex-IL&FS executives sent to Enforcement Directorate custody till June 25

Two former IL&FS executives arrested by the Enforcement Directorate for their alleged roles money laundering for the crisis-hit lending firm, were Thursday remanded to six-day custody of the central agency.

IL&FS former joint managing director Arun K Saha and its transportation network MD K Ramchand were remanded in ED’s custody by a special PMLA court till June 25.

The two were arrested late Wednesday and produced before Judge P P Rajvaidya of the special court set up under Prevention of Money Laundering Act.

The duo’s were the first arrests in the case of financial irregularity by IL&FS. Read More

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