{"id":262699,"date":"2019-03-06T06:30:46","date_gmt":"2019-03-06T06:30:46","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=262699"},"modified":"2019-03-06T06:41:16","modified_gmt":"2019-03-06T06:41:16","slug":"ilfs-board-ex-boss-in-money-laundering-soup","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ilfs-board-ex-boss-in-money-laundering-soup\/","title":{"rendered":"IL&amp;FS board ex-boss in money laundering soup"},"content":{"rendered":"<p>Tasked with cleaning up of mammoth financial mess at embattled IL&amp;FS, its Government-appointed board has charged 14 former directors of group firm IL&amp;FS Financial Services Ltd (IFIN) of facilitating money laundering, sanctioning loans in violation of rules and causing \u201chuge financial stress and losses\u201d to the company.<\/p>\n<p>In show-cause notices issued to the 14 former directors, the new management has charged them of having \u201csanctioned loans deceptively to external and group companies with sole objective to infringe RBI guidelines of excessive exposure of IFIN to intra-group companies.\u201d<\/p>\n<p>They have also been accused of extending loans for \u201ccriminal intent of falsification of repayment by a number of borrowers, including some entities associated with large corporate groups.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tasked with cleaning up of mammoth financial mess at embattled IL&amp;FS, its Government-appointed board has charged 14 former directors of group firm IL&amp;FS Financial Services Ltd (IFIN) of facilitating money laundering, sanctioning loans in violation of rules and causing \u201chuge financial stress and losses\u201d to the company. In show-cause notices issued to the 14 former directors, the new management has charged them of having \u201csanctioned loans deceptively to external and group companies with sole objective to infringe RBI guidelines of excessive exposure of IFIN to intra-group companies.\u201d They have also been accused of extending loans for \u201ccriminal intent of falsification [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,213,144],"tags":[],"class_list":["post-262699","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-roads-the-pioneer","category-the-pioneer"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/262699","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=262699"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/262699\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=262699"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=262699"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=262699"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}