Three-wheeled auto-rickshaws are parked near the IL&FS building, one of India’s leading infrastructure-development and finance companies, in Mumbai. (Photographer: Abhijit Bhatlekar/Bloomberg News)

SFIO Report Concludes Management’s Guilt In IL&FS Fraud

Influencing employees, credit decisions and taking hefty payouts from the company — these are just some of the conclusions Serious Fraud Investigation Office reported in its 800-page investigation ...