{"id":367340,"date":"2020-08-11T10:20:22","date_gmt":"2020-08-11T04:50:22","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=367340"},"modified":"2020-08-11T11:01:48","modified_gmt":"2020-08-11T05:31:48","slug":"ilfs-firm-gave-loan-to-pune-businessman-and-funds-to-pay-it-back","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ilfs-firm-gave-loan-to-pune-businessman-and-funds-to-pay-it-back\/","title":{"rendered":"IL&amp;FS firm gave loan to Pune businessman and funds to pay it back"},"content":{"rendered":"<p>Raising questions of round-tripping through a maze of firms, an influential Pune-based businessman received over Rs 52 crore from an IL&amp;FS (Infrastructure Leasing &amp; Financial Services Ltd.) group company which he then used to repay his initial loan to the very same IL&amp;FS company. <\/p>\n<p>That businessman is Sarang Kale and two of his companies figure in the chain of transactions red-flagged in the forensic audit conducted by Grant Thornton. <\/p>\n<p>Records show that on January 7, 2017, IL&amp;FS Transportation and Network Ltd (ITNL), an IL&amp;FS Group Company, gave an unsecured loan of Rs 52 crore to Rajasthan Land Holdings Ltd, a company that had no revenue-generating business.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Raising questions of round-tripping through a maze of firms, an influential Pune-based businessman received over Rs 52 crore from an IL&amp;FS (Infrastructure Leasing &amp; Financial Services Ltd.) group company which he then used to repay his initial loan to the very same IL&amp;FS company. That businessman is Sarang Kale and two of his companies figure in the chain of transactions red-flagged in the forensic audit conducted by Grant Thornton. Records show that on January 7, 2017, IL&amp;FS Transportation and Network Ltd (ITNL), an IL&amp;FS Group Company, gave an unsecured loan of Rs 52 crore to Rajasthan Land Holdings Ltd, a [&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],"tags":[],"class_list":["post-367340","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/367340","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=367340"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/367340\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=367340"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=367340"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=367340"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}