Ethiopian police take three IL&FS employees in custody over unpaid wages, five still in captivity of staff
Even as five IL&FS employees continue to remain in captivity of unpaid staff in Ethiopia, the local police have taken into custody three Indian officials of the infrastructure company over non-payment of taxes and workers’ salaries, a source said.
Even as five IL&FS employees continue to remain in captivity of unpaid staff in Ethiopia, the local police have taken into custody three Indian officials of the infrastructure company over non-payment of taxes and workers’ salaries, a source said.
Late last month, seven Indian workers of an IL&FS subsidiary — IL&FS Transportation Network (ITNL) — were taken hostage at three of its sites in Ethiopia’s Oromia and Amhara states by unpaid local staff.
The source said IL&FS had 15 Indian employees in Ethiopia, seven of whom were held captive by local staff. Of the seven, two were released last week on medical ground.
The three employees taken into custody were out of the eight who were not held captive, he said.
Local workers are allegedly holding them in captivity in protest for not having paid salaries since the past two months. ITNL, through its wholly-owned subsidiary, Elsamex SA, has been executing road projects across three sites in Ethiopia.
IL&FS Group and its various subsidiaries, including ITNL, are facing liquidity crisis and have defaulted on various debt payments. As of October 8, 2018, the total debt of the group stood at Rs 94,215.6 crore.
