{"id":277217,"date":"2019-06-03T05:58:27","date_gmt":"2019-06-03T05:58:27","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=277217"},"modified":"2019-06-03T06:26:24","modified_gmt":"2019-06-03T06:26:24","slug":"sfio-identifies-coterie-of-top-management-auditors-directors-that-defrauded-ilfs","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/sfio-identifies-coterie-of-top-management-auditors-directors-that-defrauded-ilfs\/","title":{"rendered":"SFIO identifies &#8216;coterie&#8217; of top management, auditors, directors that defrauded IL&amp;FS"},"content":{"rendered":"<p>NEW DELHI: Launching a massive crackdown on perpetrators of the IL&amp;FS scam, the Serious Fraud Investigation Office (SFIO) has charged the erstwhile top management members of the group&#8217;s financial services subsidiary IFIN of forming a &#8220;coterie&#8221; with its auditors and independent directors to defraud the company while running the business as their &#8220;personal fiefdom&#8221;. <\/p>\n<p>Officials also said it is just a tip of the iceberg in this massive fraud case, involving defaults totalling an estimated amount of over \u20b990,000 crore, as the SFIO&#8217;s first chargesheet concerns just one entity, IL&amp;FS Financial Services Ltd (IFIN), and the probe is already underway against the parent firm Infrastructure Leasing and Financial Services Ltd (IL&amp;FS) and several other subsidiaries.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: Launching a massive crackdown on perpetrators of the IL&amp;FS scam, the Serious Fraud Investigation Office (SFIO) has charged the erstwhile top management members of the group&#8217;s financial services subsidiary IFIN of forming a &#8220;coterie&#8221; with its auditors and independent directors to defraud the company while running the business as their &#8220;personal fiefdom&#8221;. Officials also said it is just a tip of the iceberg in this massive fraud case, involving defaults totalling an estimated amount of over \u20b990,000 crore, as the SFIO&#8217;s first chargesheet concerns just one entity, IL&amp;FS Financial Services Ltd (IFIN), and the probe is already underway [&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":[139,130,189],"tags":[],"class_list":["post-277217","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-roads-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/277217","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=277217"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/277217\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=277217"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=277217"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=277217"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}