Ousted IL&FS Managing Director Hari Sankaran’s Defence
Three-wheeled auto-rickshaws are parked near the IL&FS building, in Mumbai. (Photographer: Abhijit Bhatlekar/Bloomberg News)

Ousted IL&FS Managing Director Hari Sankaran’s Defence

Hari Sankaran, removed as the managing director of Infrastructure Leasing and Financial Services Ltd., denied allegations of siphoning funds and mismanagement, arguing that shareholders and the gov...
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