Ravi Parthasarathy JAILED! REVEALED - What actually led to arrest of IL&FS chairman and mastermind of Rs 1 lakh crore scam

(Reported by: Brajesh Kumar and Siddhartha MP)

IL&FS chairman Ravi Parthasarathy arrested! The Economic Offences Wing (EOW) of Chennai Police has arrested former IL&FS chairman Ravi Parthasarathy. He was arrested in Mumbai on Wednesday, June 9, and then taken to Chennai.

The case was filed and the investigation started on September 20, 2020. On June 10, 2021, Parthasarathi had been put in Puzhal Central Prison near Chennai.

See Zee Business Live TV Streaming Below:

The kingpin and the mastermind of the Rs 1 lakh crore IL&FS scam Parthasarathy was arrested in connection with Crime No.13 of 2020 dated September 20, 2020.

The accused Parthasarathy is the former Chairman and Managing Director of the entire IL&FS Group. The IL&FS Group, which consists of more than 350 group companies, was used as a vehicle to perpetrate fraud by the management of the IL&FS group. And this was headed by the then chairman and MD CEO Parthasarathy.

The FIR has been registered in connection with the complaint given by 63 Moons Technologies, which has lost a sum of Rs 200 crore. Complaints from various other depositors have also been received by the EOW.

The Anticipatory bail petition filed by the accused Parthasarathy in Crl OP No.2007 of 2021 was also dismissed by the Madras High Court. Aggrieved depositors and investors of ITNL can forward their claims to the EOW.

Earlier, the Chennai EOW-II in connection to the same criminal case had arrested and remanded other co-accused in the scam namely Hari Sankaran and Ramachand Karunakaran who were former Directors and Managing Directors of the Financial Establishment and who were close aides of the mastermind Parthasarathy.

As the director, he had spread the word and created an impression that investing in their firm would yield good returns.

63 Moons Technologies had invested Rs 200 crore in IL&FS. Since the sum was not duly returned, a case was filed under breach of trust with the EOW.

He had already applied for anticipatory bail in Madras HC, but it was rejected.

Aggrieved depositors and investors of ITNL can file their claims to EOW, Chennai at dsp3eowhqrs@gmail.com