The Central Bureau of Investigation (CBI) has registered a case against IL&FS Transportation Network Limited and its then directors for allegedly cheating 19 banks of about ₹6,524 crore as on October 31, 2021.
Among those named in the First Information Report (FIR) are the Mumbai-based company’s then managing director Karunakaran Ramchand, director Deepak Das Gupta, whole-time director Mukund Gajanan Sapre and then chief financial officer Dilip Lalchand Bhatia.
The CBI has conducted searches on the premises of the accused persons in Delhi, Gurugram and Mumbai.
