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Ex MD and CEO of IL&FS Ramesh Bawa sent to judicial custody after arrest by SFIO

By
Dhrumit Thakkar
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798
0
(G.N.S) Dt. 19 Mumbai Ramesh Bawa former MD and CEO of IL&FS Financial Services has been sent to judicial custody by a magistrate in Mumbai. The Serious Fraud Investigation Office (SFIO) had arrested him last week for ever-greening companies with “fraudulent funding” for “performance-linked perks”. The SFIO produced Bawa, whose

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