A special prevention of money laundering act (PMLA) court on Thursday granted bail to ABG Shipyard chairman, Rishi Agarwal and his wife Anupama, in an alleged money laundering case connected to the multi-crore rupees fraud caused to Infrastructure Leasing & Financial Services Ltd (IL&FS).
The Enforcement Directorate (ED) probing the case has accused Aggarwal and his companies of causing loss of over Rs 2,000 crore to IL&FS Financial Services (IFIN), a subsidiary of the beleaguered NBFC.
Source:
Economic Times
