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IL&FS cluster’s past chairman Ravi Parthasarathy apprehended in Rs 1 lakh crore rip-off

IL&FS cluster's past chairman Ravi Parthasarathy apprehended in Rs 1 lakh crore rip-off

Parthasarthy, the kingpin, genius and principal architect for the Rs 1 lakh crore IL&FS swindle, has-been detained from the EOW in connection with theft No. 13 of 2021, out dated Sep 20, 2020, the EOW of Chennai Police force claimed in a statement.

"The accused, Ravi Parthasarathy, might be original Chairman and handling manager of this entire IL&FS party," explained the EOW. The economical Offences Wing (EOW) of Chennai law enforcement mentioned on Friday that it features arrested Ravi Parthasarathy, the former Chairman of IL&FS team, into the Rs 1 lakh crore fraud, which activated a liquidity problems in the financial business markets in 2018.

EOW DSP Prakash Babu established to IANS that Parthasarthy was arrested and used into police force guardianship for 15 times. The guy added that their bail reading comes all the way up for learning on wednesday.

Parthasarthy, the kingpin, mastermind and chief architect belonging to the Rs 1 lakh crore IL&FS scheme, might apprehended by EOW in connection with Crime No. 13 of 2020, outdated September 20, 2020, the EOW of Chennai Police force explained in a statement.

"The accused, Ravi Parthasarathy, is the past president and controlling manager of whole IL&FS class. The IL&FS people, which is made of over 350 cluster providers, was applied as a vehicle to perpetrate deception at the same time handling of IL&FS Crowd which was driving by subsequently Chairman and MD-CEO Ravi Parthasarathy," believed the EOW.

The EOW claimed the FIR happens to be recorded relating to the condition offered by 63 moons solutions Ltd, which forgotten a sum of Rs 200 crore. Grievances from other sorts of depositors are also gotten through EOW.

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