The Enforcement Directorate (ED) is planning to attach the assets of Ravi Parthasarathy, former chairman of IL&FS Group, and at least two other former directors. The ED is also planning to attach assets of some of the larger defaulters to IL&FS Financial Services (IFIN). The total assets to be attached is likely to be valued at over Rs 1,000 crore, a senior official told FE.
“Over the next two to three weeks, the ED will issue orders for the provisional attachment Parthasarathy’s assets, including some properties in Mumbai and Delhi. The ED also plans to attach assets of former directors of IL&FS — Arun Saha and K Ramchand,” the official said.
