The Enforcement Directorate (ED) has registered against the Infrastructure Leasing and Financial Services (IL&FS) ltd top officials including its former chairman Ravi Parthasarathy, under the PMLA Act. 
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The Enforcement Directorate (ED) has registered against the Infrastructure Leasing and Financial Services (IL&FS) ltd top officials including its former chairman Ravi Parthasarathy, under the PMLA Act. The Enforcement Directorate (ED) Wednesday registered a case against the Infrastructure Leasing and Financial Services (IL&FS)'s top officials including its former chairman Ravi Parthasarathy, under the Prevention of Money Laundering Act (PMLA).
Raids are underway across multiple locations in Delhi-NCR and Mumbai concerning financial irregularities in the IL&FS. The probe agency is also searching the premises of the infrastructure lender's former officials.
The Delhi Police has already registered a case against IL&FS and Economic Offence Wing (EOW) and is investigating the cash-strapped lender.
The ED registered this case following a report submission by the Serious Fraud Investigation Office (SFIO) in the IL&FS case. The report has instances of shady transactions, misreporting of income, conflict of interest, ever-greening of loans and personal enrichment of key employees.
The infrastructure lender's crisis came to light last year following a series of defaults by its group companies on their debt obligations which accumulated to the tune of about Rs 91,000 crore.
Also Read: IL&FS Transportation Networks defaults on dividend payment of Rs 7.12 crore
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