{"id":277435,"date":"2019-06-04T06:01:03","date_gmt":"2019-06-04T06:01:03","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=277435"},"modified":"2019-06-04T06:10:47","modified_gmt":"2019-06-04T06:10:47","slug":"probe-finds-ifin-violated-rbi-rules-gave-loans-for-favours","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/probe-finds-ifin-violated-rbi-rules-gave-loans-for-favours\/","title":{"rendered":"Probe finds IFIN violated RBI rules, gave loans for favours"},"content":{"rendered":"<p>MUMBAI: IL&amp;FS Financial Services Ltd (IFIN) gave out loans in exchange of favours and violated Reserve Bank of India (RBI) guidelines on lending to group companies among serious irregularities, a Serious Fraud Investigation Office (SFIO) charge sheet into alleged fraud at IFIN said. <\/p>\n<p>Specifically, the 804-page charge sheet filed on Thursday said key management personnel at IFIN had a quid pro quo with C. Sivasankaran of Siva group of companies. Sivasankaran has been named co-accused along with 29 other entities and individuals under Section 447 of Companies Act and under provisions of Indian Penal Code for causing loss to the public.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MUMBAI: IL&amp;FS Financial Services Ltd (IFIN) gave out loans in exchange of favours and violated Reserve Bank of India (RBI) guidelines on lending to group companies among serious irregularities, a Serious Fraud Investigation Office (SFIO) charge sheet into alleged fraud at IFIN said. Specifically, the 804-page charge sheet filed on Thursday said key management personnel at IFIN had a quid pro quo with C. Sivasankaran of Siva group of companies. Sivasankaran has been named co-accused along with 29 other entities and individuals under Section 447 of Companies Act and under provisions of Indian Penal Code for causing loss to the [&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-277435","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\/277435","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=277435"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/277435\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=277435"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=277435"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=277435"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}