IL&FS scam: Ravi Parthasarathy, mastermind of 1 lakh crore scam arrested, money of many companies has been lost

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Ravi Parthasarathy was arrested on the complaint of 63 Moon Technology. 200 crore rupees have also been drowned in this scam of 63 Moon Technology. The scam of IL&FS is worth 1 lakh crores.

Ravi Parthasarathy

Ravi Parthasarathy, the founder, former chairman and former CEO of Infrastructure Leasing and Financial Services (IL&FS), has been arrested. Ravi of the Economic Offenses Wing of Chennai Police has been arrested. Due to this master mind, there was a liquidity crisis in the financial services market in the country in 2018. This scam came to the fore in the year 2018, which was worth Rs 1 lakh crore. In this the name of Infrastructure Leasing and Financial Services was revealed.

On Ravi’s arrest, the Economic Offenses Wing said that under the leadership of former chairman of the company Ravi Parthasarathy, IL&FS had become a den of fraud. Parthasarathy founded IL&FS in 1987 and left the company in 2017. EOW DSP Prakash Babu has confirmed the news that Parthasarathy has been arrested and will be kept in police custody for 15 days.

More than 350 companies in IL&FS Group

Ravi Parthasarathy had carried out this entire financial scam through IL&FS. In this group, not one or two but entire 350 companies were included. All these companies were used by Ravi as a mask to commit fraud. Ravi had filed an anticipatory bail in the Madras High Court to prevent his arrest, which was rejected. Now it is believed that after the arrest of Ravi, the layers of this scam will open even more.

These have also been arrested

Earlier, EOW had arrested Ramchand Karunakaran, former MD of IL&FS Transportation Networks India Limited and former Vice Chairman and Director Harishankaran in January 2021, related to the same scam. Now after the arrest of Ravi, where and where its wires are connected, this information will be available.

The arrest was made on the complaint of this company

Ravi, the entire chairman of IL&FS

Parthasarathy was arrested on the complaint of 63 Moon Technology. 200 crore rupees have also been drowned in this scam of 63 Moon Technology. After which Ravi was arrested on the complaint of the company. Apart from 63 Moon Technology, there are many companies in this scam, whose huge amount has been sunk. Many other companies have filed cases against Ravi.

(with agency input)

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Bhagyashree Soni
Bhagyashree Soni
Bhagyashree Soni is a software engineer with soft writing skills. She is a degree holder from the International School of Entrepreneurial Leadership. She has been a state-level badminton champion and chess player. A woman with a forthright attitude enjoys her writing passion as her chosen career. Writing in the context of feminism, social-cause and entreprenurship is her forte.
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