With the arrest of the dubious Ravi Parthasarthy, the de facto promoter and former chairman of ILFS, by the EOW cops of Chennai police from Mumbai, all the criminal masterminds of India, who perpetrated giant financial, banking and corporate crimes, involving sums of over Rs 1 lakh crores, are now in jail. These are Rana Kapoor of Yes Bank, Kapil Wadhawan of DHFL and Ravi Parthasarthy of ILFS. While Rana Kapoor corrupted and mismanaged Yes Bank, with public deposits of over Rs 2 lakh cr at stake and Kapil Wadhawan siphoned off and bankrupted DHFL with about Rs 1 lakh cr of public money at risk, the misconduct in the case of Ravi Parthasarthy at ILFS involved about Rs 1.32 lakh cr. Ravi Parthasarthy is actually the biggest crook of them all, who incidentally was the first one to be exposed in this infamous group of mega scams and not surprisingly has been the last one to be arrested. In this episode of the Business Tit-Bits, our Business Editor Mr Akhilesh Bhargava shares his take on the matter.
#RaviParthsarathy #DHFL #EOW #ILFS #RAnaKapoor #YesBank
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