Two IL&FS Employees Released In Ethiopia After Company Offers To Clear Dues Of Local Staff


Two IL&FS Employees Released In Ethiopia After Company Offers To Clear Dues Of Local Staff

After six days in captivity, two employees of IL&FS Group’s joint venture in Ethiopia — Harish Bandi and Bhaskar Reddy — were released on Saturday following a commitment given by the Indian company to clear unpaid salaries of local staff over the next few days.

Indian authorities and local IL&FS Transportation Network Ltd (ITNL) are in contact with the Ethiopian authorities for the immediate release of Neeraj Raghuwanshi, who is the only Indian hostage in the Nekemte Bure Lot 1 camp, sources told TOI. Bandi and Reddy, who were in the Ambo Wolosio road project, were released as the latter complained of uneasiness.

“Harish is now doing fine and he is with us in Addis Ababa. We are in talks with the authorities for the release of the others,” said C Chandra Sekhar, who is coordinating the affairs of ITNL and its subsidiary, Elsamex SA, a Spanish company that the beleaguered group acquired around a decade ago. Efforts are also under way for the release of the other four who are in captivity in the Nekemte Bure Lot 3 camp and the company is looking to clear unpaid salary bills for October and November by the middle of next week. Read more

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