India Checking Report Of IL&FS Employees Being Held Hostage In Ethiopia
Seven Indian employees of IL&FS have been held hostage by Ethiopian staff because of non-payment of salaries, according to tweets by those saying they were being held
The Ministry of External Affairs has sought a detailed report from its unit dealing with Ethiopia on the complaint of IL&FS’ Indian employees being held hostage by the local staff since November 24 in the East African country.
A spokesperson for MEA told BusinessLine that action will be taken after getting inputs from the division concerned.
At least seven IL&FS employees are being held hostage in Ethiopia due to non-payment of salaries to the local staff.
A source close to IL&FS said that the new management is not allowing the remittance of money.
IL&FS declined to comment on this.
The seven employees who work for ITNL-Elsamex Jv Bure (a joint venture between IL&FS Transportation Networks Ltd and Elsamex S.A.) have been held hostage since November 24.
They took to Twitter to share their grievances after an email sent by them to the Indian Embassy, the Spanish embassy, the Ethiopian Roads Authority and IL&FS failed to prompt any action.
As per the mail one of the stranded employees shared with BusinessLine, the joint venture company has failed to pay the local employees salaries for October and statutory dues (income tax, pensions and withholding tax) for the last eight months.
It stated that as per Ethiopian laws, the person in charge of a project will be held accountable in case of default.
And if he flees, then the people below him are answerable
India has asked Ethiopian authorities to investigate a report that employees of an Indian company, Infrastructure Leasing and Financial Services (IL&FS), have been taken hostage by staff in Ethiopia, a government source said on Saturday.
Seven Indian employees of the debt-laden IL&FS company have been held hostage by Ethiopian staff because of non-payment of salaries, according to messages posted on Twitter by those saying they were being held.
An foreign ministry official said India was discussing the matter “on priority” with Ethiopian authorities and the management of IL&FS.
“We are doing our best to ensure a settlement of this matter,” said the official, who declined to be identified.
An IL&FS spokesman in India declined to comment.
The government took control of IL&FS last month after it defaulted on some of its debt, triggering wider concerns about risk in the country’s financial system.
The infrastructure financing and development company had over the years developed road, township and water-treatment projects in India and abroad.
Neeraj Raghuwanshi, who said he was one of the seven employees held hostage, has been calling for help on Twitter since November 27.
“Situations are beyond our control, please #help before mishappening,” Mr Raghuwanshi said late on Friday in a tweet, calling Prime Minister Narendra Modi and Foreign Minister Sushma Swaraj to intervene