Mumbai: The Serious Fraud and Investigation Office (SFIO) on Thursday filed its first chargesheet in the lapses at Infrastructure Leasing and Financial Services (IL&FS). The charges of cheating and alleged criminal conspiracy have been filed against 30 individuals including former directors and two auditors BSR and Co and Deloitte Haskin and Sells. The IL&FS crisis started when in September 2018 the group of companies had defaulted on its debt obligations forcing the government to takeover and replace its board with its own nominees. Here is a low down on what are the charges.
