IL&FS for PM means 'I Love Financial Scams': Rahul Gandhi
Congress President Rahul Gandhi has alleged that public money was being used to bail out infrastructure financier IL&FS, which for PM Narendra Modi means "I Love Financial Scams". LIC is IL&FS' largest shareholder with a 25.34% stake, while SBI has a 6.4% stake. The group, which is under a debt of â¹91,000 crore, has 169 subsidiaries, associates and joint ventures.