{"id":306585,"date":"2019-12-21T10:07:42","date_gmt":"2019-12-21T04:37:42","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=306585"},"modified":"2019-12-21T10:50:50","modified_gmt":"2019-12-21T05:20:50","slug":"former-ilfs-directors-got-lucrative-paychecks-even-as-firm-collapsed","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/former-ilfs-directors-got-lucrative-paychecks-even-as-firm-collapsed\/","title":{"rendered":"Former IL&amp;FS directors got lucrative paychecks even as firm collapsed"},"content":{"rendered":"<p>While Infrastructure Leasing and Financial Services (IL&amp;FS) went belly up in September 2018, its erstwhile directors were earning large sums of money as remuneration, the company\u2019s 2018-19 annual report shows. <\/p>\n<p>Even as the government replaced the entire board in October 2018, the former directors earned handsome salaries for the first half of financial year 2018-19 (FY19). <\/p>\n<p>Hari Sankaran, who served as vice-chairman and managing director (MD) of IL&amp;FS and as a non-executive director of the company till September 2018, took home Rs 6.38 crore as remuneration. Former chairman Ravi Parathasarthy took home about Rs 4 crore as a non-executive director from April 1, 2018, to July 21, 2018, when he retired.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>While Infrastructure Leasing and Financial Services (IL&amp;FS) went belly up in September 2018, its erstwhile directors were earning large sums of money as remuneration, the company\u2019s 2018-19 annual report shows. Even as the government replaced the entire board in October 2018, the former directors earned handsome salaries for the first half of financial year 2018-19 (FY19). Hari Sankaran, who served as vice-chairman and managing director (MD) of IL&amp;FS and as a non-executive director of the company till September 2018, took home Rs 6.38 crore as remuneration. Former chairman Ravi Parathasarthy took home about Rs 4 crore as a non-executive director [&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-306585","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\/306585","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=306585"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/306585\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=306585"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=306585"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=306585"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}