Ravi Parthasarathy JAILED! REVEALED – What really led to arrest of IL&FS chairman and mastermind of Rs 1 lakh crore rip-off

(Reported by: Brajesh Kumar and Siddhartha MP)

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

The case was filed and the investigation began on September 20, 2020. On June 10, 2021, Parthasarathi had been put in Puzhal Central Jail close to Chennai.

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The kingpin and the mastermind of the Rs 1 lakh crore IL&FS rip-off Parthasarathy was arrested in reference to Crime No.13 of 2020 dated September 20, 2020.

The accused Parthasarathy is the previous Chairman and Managing Director of the complete IL&FS Group. The IL&FS Group, which consists of greater than 350 group firms, was used as a car to perpetrate fraud by the administration of the IL&FS group. And this was headed by the then chairman and MD CEO Parthasarathy.

The FIR has been registered in reference to the grievance given by 63 Moons Applied sciences, which has misplaced a sum of Rs 200 crore. Complaints from numerous different depositors have additionally been acquired by the EOW.

The Anticipatory bail petition filed by the accused Parthasarathy in Crl OP No.2007 of 2021 was additionally dismissed by the Madras Excessive Courtroom. Aggrieved depositors and buyers of ITNL can ahead their claims to the EOW.

Earlier, the Chennai EOW-II in connection to the identical legal case had arrested and remanded different co-accused within the rip-off particularly Hari Sankaran and Ramachand Karunakaran who had been former Administrators and Managing Administrators of the Monetary Institution and who had been shut aides of the mastermind Parthasarathy.

Because the director, he had unfold the phrase and created an impression that investing of their agency would yield good returns.

63 Moons Applied sciences had invested Rs 200 crore in IL&FS. For the reason that sum was not duly returned, a case was filed beneath breach of belief with the EOW.

He had already utilized for anticipatory bail in Madras HC, however it was rejected.

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

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