Lessors Network Header
.
Lessors Network Logo

The Lessors Network provides powerful ways to connect, communicate and collaborate with members of the largest equipment lease finance networking community on the Web.

LinkedIn
Over 1,600 Members
Lessors Network Ad
Optimal Leasing LLC
Larry Robinson / 248.738.2699
Optimal Leasing LLC

Optimal Leasing LLC has operated as an independent Minority Business Enterprise Lessor with an emphasis on Capital equipment primarily IT, Data Storage, Telecom, Point of Sale, Medical and Material Handling equipment.

.


    Breaking News

Arrow  It's All About Networking      
Lessors Network Shadow
.
.
Fraud-Hit Infrastructure Leasing and Financial Services Ex-Chairman Hari Sankaran Arrested
.

April 2, 2019 - MUMBAI — In its first arrest in its probe into fraud-hit Infrastructure Leasing and Financial Services, the Serious Fraud Investigation Office arrested the lender's ex-Chairman Hari Sankaran here April 1.

Sankaran was produced before a special court here which sent him to SFIO's custody until April 4.

"Hari Sankaran has been arrested in connection with the ongoing investigations in to the affairs of IL&FS and its group entities.. He has been arrested on the grounds of abusing his powers in IL&FS Financial Services Ltd," the SFIO, which is probing IL&FS under provisions of the Companies Act, said.

It has accused Sankaran — part of the erstwhile ILFS board — of granting loans to entities that were not creditworthy or declared Non-Performing Assets, this causing huge losses to the company and its creditors.

The IL&FS Financial Services Ltd had notched borrowings of over Rs. 17,000 crore from debt instruments and bank loans.

Provident, pension, gratuity and mutual funds, public and private sector banks were also among who have invested in these debt instruments.

Last year, the Central government superseded the management of the beleaguered company, which has around Rs 91,000 crore in long-term debt, through a National Company Law Tribunal (NCLT) order and appointed a six-member board led by Uday Kotak, MD and CEO of Kotak Mahindra Bank, to restore its financial solvency.

Blue Arrow   Source - India West

Blue Arrow   Back To Breaking News



.
  Free Headlines In Your Inbox
Lessors Network Shadow
Email Alerts
.
Every day we send out free Email Alerts with the most important
headlines of the last 24 hours, (excluding slow news days).
.
.
 Blue Arrow 


.


A Lessors.com, Inc. Company  |  © Copyright 1998 - 2019



.