14 Former Directors of IL&FS Financial Services Receive Notice for Money Laundering, Fraud, and Payoffs

Posted on 03/08/2019


IL&FS Financial Services Ltd, a non-banking finance company, is an embattled enterprise faced with credibility issues. The government-appointed board of IL&FS Financial charged 14 former directors of IL&FS Financial with facilitating money laundering and sanctioning loans in violations of rules. The new board had ordered a special audit that was conducted by Grant Thornton. The […]