IL&FS Crisis: ED Conducts Fresh Raids In Mumbai

NEW DELHI: The ED on Wednesday carried out searches at the homes and offices of four former directors of the crisis-struck infrastructure lending major IL&FS in Mumbai over connection with an alleged money-laundering case. The searches were carried out at the premises of Rajesh Kotian, Shehzad Dilan, Manu Kochhar and Mukund Sapre. The IL&FS has a total debt of around Rs 91,000 crore and its new board led by Uday Kotak is trying to sell its assets to repay the debt. (IANS)

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