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IL&FS scam: ED arrests two former top executives in connection with money laundering probe
•L&FS has defaulted on payment of loans to SIDBI and along with its subsidiaries has a combined debt of over 91,000 crore.
IL&FS case: Former top brass got foreign trips, private jets, chopper ride in return for faster loans, reveals SFIO probe
•Foreign trips, private jet travels, chopper riders and interior decoration at houses aboard -- the probe into the IL&FS saga has unearthed many such inducements that the top brass allegedly got from borrowers in return for faster loans and delayed recoveries
Chartered accountants' body indicates not receiving information from SFIO, various agencies on IL&FS crisis
•The Institute of Chartered Accountants of India (ICAI) has constituted a nine-member panel to study the systemic issues in the IL&FS crisis, amidst the government stepping up efforts to address problems related to the case.
IL&FS crisis: Can the new Uday Kotak-led bailout panel provide the magic touch to debt-laden firm?
Shachindra Nath •Any move by the government or the regulators to protect the interest of a large financial institution like IL&FS and to address the contingent effects of the episode is a welcome move as it will help in regaining the market confidence.