What Is IL&FS And Why Is Raj Thackeray Being Questioned By ED?

Raj has been summoned by the ED in connection with its probe into the alleged irregularities relating to loans and equity investment worth over Rs 450 crore by IL&FS in Kohinoor CTNL Infrastructure Company. The firm was founded by former Maharashtra chief minister and Shiv Sena leader Manohar Joshi's son Unmesh, Raj Thackeray and Raj's close aide and builder Rajan Shirodkar to purchase and develop the land of the defunct Kohinoor Mill. Raj reportedly sold off his stake in 2008. Unmesh has been questioned by the ED for three days since August 19.