IL&FS money laundering case: Enforcement Directorate files 1st chargesheet
The Enforcement Directorate (ED) on Friday filed its first prosecution complaint, commonly known as charge sheet, in the Infrastructure Leasing & Financial Services (IL&FS) money laundering case.
The prosecution complaint was filed in a special court of the Prevention of Money Laundering Act (PMLA), charging former senior management personnel of IL&FS — Ravi Parthasarathy, Ramesh Bawa, Hari Sankaran, Arun Saha, and Ramchand Karunakaran — along with Aircel founder C Sivasankaran.
The ED has also made provisional attachment of bank accounts and immovable property held by these people to the tune of Rs 570 crore.
The enforcement agency, in the charge sheet, is learnt to have highlighted the modus operandi of the senior management personnel, who were indulging in various commissions and omissions, thus leading to illegal personal gains at the expense of the company.
