High Stakes

The Economic Times - - Companies & Economy -

With IL&FS de­fault­ing on com­mit­ments and get­ting hit with a debt down­grade, an anony­mous let­ter to the fi­nance min­is­ter is do­ing the rounds of What­sApp. The three-page let­ter has graphic de­tails of al­leged re­lated-party trans­ac­tions and sev­eral other sup­posed trans­gres­sions. An­other note high­light­ing the salary bill of the top lead­er­ship, as well as their sec­re­taries and as­sis­tants, is said to be in the works. Top on that list is said to be the for­mer chair­man’s as­sis­tant’s seven-digit salary.

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