PMC Bank approached major banks for merger after failing to recover funds from HDIL
We've met everyone. We approached RBI for simple remedies. In the last 10 months, the RBI administrator has not done anything to revive the bank. HDIL has asked to take properties worth Rs 5000 crore & sell: Harbans Singh, PMC Victim tells TIMES NOW over PMC Bank scam.
Mumbai Police: Economic Offences Wing (EOW) filed FIR against HDIL, and Punjab & Maharashtra Cooperative (PMC) Bank officials u/s 409, 420, 465, 466, 471 and 120B in PMC bank fraud case. EOW has formed a Special Investigation Team (SIT) to probe the matter.
Enforcement Directorate has seized/frozen & identified movable and immovable assets worth more than Rs 3830 crores owned by Housing Development and Infrastructure Limited (HDIL), its Directors/Promoters, PMC Bank officials and others related entities in the PMC Bank fraud case.
PMC Bank matter: Housing Development Infrastructure Limited (HDIL) Directors, Sarang Wadhawan and Rakesh Wadhwan, accused of loan default, have been arrested by Economic Offence Wing. More details awaited.
Mumbai: Employees of Punjab and Maharashtra Co-operative (PMC) Bank sit outside the residence of the owner of Housing Development and Infrastructure Ltd (HDIL) group, in protest. The group is a loan defaulter at the bank. #Maharashtra