In a continued drive against corruption, the CBI has filed a case against IL&FS Transportation Network Ltd and its directors for allegedly defrauding 19 banks of ? 6,524 crore between 2016 and 2018.
All the banks that the company allegedly cheated on include Punjab National Bank, Bank of India, State Bank of India, Axis Bank and Yes Bank, among others.
IL&FS Transportation Network is a subsidiary of IL&FS, which filed for bankruptcy in 2018.
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