The Mumbai sessions court on Friday admitted the criminal complaint filed by Serious Fraud Investigation Office (SFIO) against IL&FS Financial Services (IFIN), and 29 other entities and individuals, which include IFIN’s former directors, auditors, C Sivasankaran and his group and various other people.
The court will take cognizance of the matter and issue notices to the accused named in the complaint. The matter has been posted for hearing on June 18.
Two of the accused named in the list, former IL&FS vice-chairman Hari Sankaran and IFIN managing director and CEO Ramesh Bawa are presently in judicial custody in Mumbai Central Jail.
