Delhi Police arrest former IL&FS director Ramchand Karunakaran in Rs 100 crore cheating case
Delhi Police on Sunday said they have arrested former managing director of Infrastructure Leasing & Financial Services Ltd (IL&FS) Ramchand Karunakaran from Mumbai in a Rs 100 crore cheating case.
Karunakaran was earlier arrested in 2019 and 2020 but had got out on bail.
Police said several cases have been registered against Karunakaran and other directors of the IL&FS Rail Ltd for misappropriating funds, cheating other companies and forgery.
RK Singh, Additional Commissioner of Police (Economic Offences Wing), said, “We had received a complaint from the director of Enso Infrastructures, Ashish Begwani, in 2018. He alleged that he was approached by Karunakaran, Ravi Parthasarthy and Hari Shankaran — all former directors of IL&FS —
