ED raided ex-directors of lending firm IL&FS in money-laundering case
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The homes and offices of the 4 former directors of crisis-hit lending firm IL&FS in Mumbai have been raided by the Enforcement Directorate in connection with an alleged money-laundering inquiry on Wednesday. IL&FS has been facing a total debt of Rs 91,000 crore and has been working to sell off its assets to repay the money after numerous defaults forced the government to overhaul its management.