IL&FS money laundering case: ED summons NCP leader Jayant Patil

The Enforcement Directorate (ED) has called Maharashtra Nationalist Congress Party president and MLA Jayant Patil  for questioning in a money laundering investigation involving suspected accounting irregularities at the now-bankrupt IL&FS, according to official sources.

According to the sources, the Maharashtra NCP president has been summoned to appear before the investigation agency on 12 May. The investigation focuses on suspected irregularities in IL&FS Group’s equity stake in defaulter Kohinoor CTNL as well as its loan to the company. Kohinoor CTNL is building the Kohinoor Square tower in Dadar West.

The 61-year-old MLA from Islampur seat of Maharashtra has been asked to depose before the federal agency here on Friday, they said. Patil, a former minister of home and finance, is also the state president Nationalist Congress Party (NCP) and is a seven-term legislator.

The agency has recently initiated fresh action in this 2019 case after it searched 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.