Former IL&FS chairman Ravi Parthasarathy arrested by Chennai police

The Chennai police have arrested former IL&FS chairman Ravi Parthasarathy after a complaint filed by Mumbai-based 63 moons technologies regarding alleged cheating and fraud by an IL&FS subsidiary. IL&FS collapsed in August 2018 after it failed to repay its loans to several Indian banks and insurance companies. The company was then sent to the National […]