In first arrest in ILFS case, former chairman Hari Sankaran taken into custody until April 4

In first arrest in ILFS case, former chairman Hari Sankaran taken into custody until April 4 Sankaran has been arrested on the grounds of abusing his powers in ILFS Financial Services through his fraudulent conduct and granting loans to entities that were not creditworthy or have been declared non-performing assets (NPAs).

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