Ravi Parthasarathy, ex-chief of IL&FS group, arrested
Ravi Parthasarathy, the former chief executive and chairman of debt-ridden Infrastructure Leasing & Financial Services Ltd (IL&FS), has been arrested by the Chennai police in connection with a cheating and fraud case registered by its Economic Offences Wing (EOW).
Banks firm up plans to sell Vijay Mallya’s assets“From now on, the ED will have no role to play as far as the auction of restored assets is concerned. The banks, however, have to execute a bond before the special court before auctioning the assets,” an official said.
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