CBI books IL&FS Transportation Network Limited for 'causing loss' of over Rs 6,524 cr to Canara Bank-led consortium

Updated: Jun 2 2023 10:09PM

New Delhi, Jun 2 (PTI) The CBI has filed an FIR against IL&FS Transportation Network Limited (ITNL) and its then directors for allegedly causing a loss of more than Rs 6,524 crore to a 19-bank consortium led by Canara Bank, officials said on Friday.

In its FIR, the Central Bureau of Investigation (CBI) has booked Mumbai-based ITNL and its directors Karunakaran Ramchand, Deepak Das Gupta, Mukund Gajanan Sapre and then chief financial officer (CFO) Dilip Lalchand Bhatia for alleged criminal conspiracy and cheating as well as under the provisions of the Prevention of Corruption Act.

The agency recently conducted searches in Delhi, Gurugram and Mumbai at the premises of the accused persons, the officials said.