{"id":278315,"date":"2019-06-13T04:54:45","date_gmt":"2019-06-13T04:54:45","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=278315"},"modified":"2019-06-13T05:27:16","modified_gmt":"2019-06-13T05:27:16","slug":"ex-ceo-of-ilfs-arm-helped-fitch-official-buy-villa-says-probe-report","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ex-ceo-of-ilfs-arm-helped-fitch-official-buy-villa-says-probe-report\/","title":{"rendered":"Ex-CEO of IL&amp;FS arm helped Fitch official buy villa, says probe report"},"content":{"rendered":"<p>Investigation into the IL&amp;FS fraud has found that a top executive allegedly helped a senior official of Fitch Ratings purchase a duplex villa at a discount when a circuitous transaction with a defaulter borrower was underway in 2012-13.<\/p>\n<p>In a statement on Wednesday, a Fitch Group spokesperson said it is probing the matter. <\/p>\n<p>&#8220;Fitch was first made aware of these historical allegations on Monday (June 10, 2019) via the media. We are investigating but have no further information at this time,&#8221; the spokesperson said. <\/p>\n<p>The investigation by the government&#8217;s white-collar crime probe agency SFIO has already unearthed connivance of auditors and independent directors with the then top management of IFIN (IL&amp;FS Financial Services Ltd) in defrauding the company.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Investigation into the IL&amp;FS fraud has found that a top executive allegedly helped a senior official of Fitch Ratings purchase a duplex villa at a discount when a circuitous transaction with a defaulter borrower was underway in 2012-13. In a statement on Wednesday, a Fitch Group spokesperson said it is probing the matter. &#8220;Fitch was first made aware of these historical allegations on Monday (June 10, 2019) via the media. We are investigating but have no further information at this time,&#8221; the spokesperson said. The investigation by the government&#8217;s white-collar crime probe agency SFIO has already unearthed connivance of auditors [&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":[135,130,168],"tags":[],"class_list":["post-278315","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-roads-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/278315","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=278315"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/278315\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=278315"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=278315"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=278315"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}