ED issues fresh summons to NCP leader Jayant Patil in alleged IL&FS scam case

The senior NCP leader and MLA has been issued 2nd summon by the ED in the alleged money laundering case linked to irregularities in IL&FS Group's loan and equity investment in Kohinoor CTNL, one of the defaulters.

Mumbai: Enforcement Directorate has sent the second summon in four days to Maharashtra NCP president and MLA Jayant Patil in connection with the alleged money laundering case linked to IL&FS scam, sources said on Monday. It is learnt that the ED has sent a summon to Patil asking him to appear before the agency on May 22.

The fresh summon comes four days after the Enforcement Directorate summoned Patil on May 11 in connection with the alleged irregularities in IL&FS Group's loan and equity investment in Kohinoor CTNL, one of the defaulters. Sources said that Kohinoor CTNL is developing the Kohinoor Square tower in Dadar (West).

Following the summons on May 11, the NCP leader had sought 10 days time to appear before the federal probe agency. He had told reporters last week that he never had any association or financial dealing with IL&FS. Alleged payment of some "commission amount" by some accused companies to entities linked to Patil are under the scanner of the agency and it is understood he will be questioned about these transactions and his statement recorded under the provisions of the Prevention of Money Laundering Act (PMLA).

The summons to Patil in the case dating back to 2019 come after the ED launched fresh searches at the Mumbai offices of Deloitte Haskins and Sells and BSR and Associates, an Indian affiliate of global accounting firm KPMG, the two former auditors of IL&FS. The ED case is linked to the FIR registered by the Delhi Police Economic Offences Wing (EOW) against IRL, ITNL (group companies of IL&FS), its officials and others.

Earlier, a complaint was filed by the Serious Fraud Investigation Office (SFIO) against IL&FS Financial Services (IFIN) and its officials in the case. The ED has already attached assets of various entities in the case in the past. The federal probe agency has also arrested Arun Kumar Saha one of the former members of the committee of directors of IFIN and Karunakaran Ramchand, former managing director of ITNL.