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Congress: IL&FS crisis “India’s Lehman Brothers moment”; seeks probe
Calling the IL&FS crisis “India's Lehman Brothers moment”, the Congress on Wednesday, September 26, sought a Supreme Court monitored multi-agency probe saying the irregularities in it has brought India on the verge of economic collapse.
Congress spokesperson Manish Tewari said the IL&FS Group, an infrastructure development and finance company, has a total debt of ₹91,000 crore as on March 31, 2018 and was in no position to pay back its dues and had started defaulting.
"This is such a serious matter that a multi-agency investigation needs to be carried out under........
© National Herald
