IL&FS asks 200 employee trust beneficiaries to refund Rs 250 crore
21 Jul
Business News

IL&FS asks 200 employee trust beneficiaries to refund Rs 250 crore

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Business new tamfitronics NEW DELHI: Following a diktat from the ministry of corporate affairs (MCA), IL&FS has sought to recover Rs 250 crore from beneficiaries of its employee welfare trust, in what may be a first instance of its kind in the country.The move by the ministry followed a report by the Serious Fraud Investigation Office (SFIO), which concluded that the entity was allegedly used to park excess funds or profits and was subsequently used to facilitate payoffs and provide incentives to select employees.Some of the alleged “unjust payments” during 2006-07 to a select group of employees by the erstwhile management led by Ravi Parthasarthy, using the trust route, have been shared by SFIO with MCA, officials told TOI.Based on the report, MCA has identified around 200 beneficiaries of the IL&FS Employee Welfare Trust...
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NASA Employee Grateful for Opportunities at NASA Stennis
05 Apr
Science & Technology

NASA Employee Grateful for Opportunities at NASA Stennis

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NASA Space Technology Cherie Beech knows beefy nicely the opportunity that working at NASA’s Stennis Map Heart approach Bay St. Louis, Mississippi, affords. Since arriving on the federal metropolis as a contractor 26 years ago, she since has expanded her skillset and grown as a member of the NASA Stennis physique of workers.cherie beechNASA Stennis Customer Engagement and IT Acquisition Specialist“We're very blessed to possess these opportunities,” said Beech, who works in the NASA Stennis Office of the Chief Records Officer. “It is challenging on account of it takes each person, all of us, to discontinue the work. It took me a lengthy time, however I at last needless to teach it takes all skillsets to discontinue the job, on account of it takes all of us to be positive mission success.”The mission is serving...
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