ILFS crisis: ED conducts fresh raids in Mumbai

The Enforcement Directorate today carried out fresh searches in Mumbai in connection with its money laundering probe in the multi-crore Infrastructure Leasing & Financial Services, IL&FS, payment default crisis. Officials said the residences and offices of at least four directors of the firm are being raided to collect additional evidence and documents.   The agency had first carried out searches in this case in February after it filed a criminal case under the Prevention of Mone...