SFIO Report Concludes Management’s Guilt In IL&FS Fraud

13/Jun/2019 12:16:47am


Influencing employees, credit decisions and taking hefty payouts from the company — these are just some of the conclusions Serious Fraud Investigation Office reported in its 800-page investigation report on IL&FS Ltd. and its subsidiaries. 

It has reviewed the report. While dealing with the misdoings of the management, the report predominantly focuses on IL&FS Financial Services Ltd.,