New Delhi, Aug 21 (TIWN) Enforcement Directorate (ED)'s chargesheet in the money-laundering case involving top brass of now-infamous IL&FS group has revealed that its financing arm IFIN indulged in a "circuitous and patently illegal transactions" resulting in an unpaid loan of Rs 2,270 crore from 14 firms.

The IFIN directors, whose properties have been attached, are Ravi Parthasarathy, Ramesh Bawa, Hari Sankaram, Arun Saha and Ramchand Karunakaran. The ED has also attached various bank accounts and immovable properties held indirectly by Sivashankaran in the name of his family members and group companies, under Prevention of Money Laundering Act (PMLA). Total value of the above provisionally attached properties is worth Rs 570 crore, ED said.