IL&FS
An anonymous whistleblower, who claims to be part of the “senior management team at Deloitte, Haskins and Sells LLP (Deloitte)” and has been “privy to several internal irregularities in providing professional services to the IL&FS (Infrastructure Leasing & Financial Services) group” has written to us outlining how the audit firm benefited by helping the failed group fudge its accounts year after year

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Moneylife Digital Team 02 January 2019
The National Company Law Tribunal (NCLT) has allowed the government to re-open and re-cast the past five years' financial accounts of Infrastructure Leasing & Financial Services (IL&FS) and its subsidiaries

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Moneylife Digital Team 13 December 2018
Market regulator Securities and Exchange Board of India (SEBI) has allowed mutual funds to create segregated portfolios with respect to debt and money market instruments subject to various safeguards.

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Moneylife Digital Team 12 December 2018
Market regulator Securities Exchange Board of India (SEBI) said it has started adjudication against credit rating agencies (CRA) in the Infrastructure Leasing & Financial Services (IL&FS) scam. The rating agencies have been accused of deteriorating financials of IL&FS.

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While the media was occupied with the government’s sudden move to replace the board of Infrastructure Leasing and Financial Services (IL&FS), another drama was playing out at the swanky head quarters of the firm

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Infrastructure Leasing & Financial Services (IL&FS) has reportedly defaulted on a short-term loan worth hundreds of crores from Small Industries Development Bank of India (SIDBI)

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