HDIL

PMC bank scam: Interim bail of father-son duo Rakesh and Sarang Wadhawan cancelled

PMC bank scam: Interim bail of father-son duo Rakesh and Sarang Wadhawan cancelled

The court had granted the bail on March 30 in the Economic Offences Wing (EOW) case registered against the two. The EOW had approached th...Read More

Khandala to Mahabaleshwar: How Wadhawan brothers manged to dodge arrest amid lockdown

Khandala to Mahabaleshwar: How Wadhawan brothers manged to dodge arrest amid lockdown

The Wadhawan brothers – wanted by both CBI and ED – in the Yes Bank fraud case had rented a guesthouse in Khandala to evade the probe age...Read More

PMC Bank scam: Auditor got junkets, high fees to keep shut

PMC Bank scam: Auditor got junkets, high fees to keep shut

Mumbai: The scam-hit Punjab & Maharashtra Cooperative Bank Ltd had allegedly tried to influence its auditors by sending them on junke...Read More

PMC scam - HDIL has to repay loan to protect depositors’ interest: Bombay HC

PMC scam - HDIL has to repay loan to protect depositors’ interest: Bombay HC

A bench of Justices Ranjit More and Surendra Tavade also said that the repayment of the loan would be in the interest of the bank and als...Read More

No objection if HDIL items are sold off: Sarang Wadhawan

No objection if HDIL items are sold off: Sarang Wadhawan

Sarang and his father, HDIL promoter Rakesh Wadhawan are currently in judicial custody after the duo were arrested in connection with an ...Read More

PMC bank scam: ED files chargesheet against HDIL promoters

PMC bank scam: ED files chargesheet against HDIL promoters

The agency submitted its charge sheet, running into around 7,000 pages, before a special court set up under the Prevention of Money Laund...Read More

Delhi HC to hear plea seeking to allow RBI, PMC Bank to sale Rs 4,000 cr worth properties of HDIL on Dec 9

Delhi HC to hear plea seeking to allow RBI, PMC Bank to sale Rs 4,000 cr worth properties of HDIL on Dec 9

The Delhi High Court will hear case on December 9 seeking to allow RBI and PMC Bank to sale and auction Rs 4,000 crore worth land and pro...Read More

PMC scam: Mumbai Court gives nod to sell two jets, yacht of Wadhawans

PMC scam: Mumbai Court gives nod to sell two jets, yacht of Wadhawans

A court here has allowed the RBI-appointed administrator for the PMC Bank to sell two airplanes and a yacht belonging to HDIL group firms...Read More

Mumbai: HDIL promoters remanded in custody

Mumbai: HDIL promoters remanded in custody

The father-son duo, who had earlier been arrested by the Mumbai police’s Economic Offences Wing (EOW) in connection with the Rs 4,355 cro...Read More

SC declines to hear PMC Bank depositors PIL, says other avenues open

SC declines to hear PMC Bank depositors PIL, says other avenues open

Can't entertain PMC Bank customers plea in current form: Supreme Court

PMC Bank scam: 300 bank accounts suspected to be used in routing money for HDIL, says Report

PMC Bank scam: 300 bank accounts suspected to be used in routing money for HDIL, says Report

In a fresh turn of developments, former Managing director of Punjab and Maharashtra Co-operative Bank (PMC) Joy Thomas has been sent to j...Read More

PMC bank scam: HDIL pitches for sale of its assets

PMC bank scam: HDIL pitches for sale of its assets

Denying allegations of money laundering, Rakesh and Sarang Wadhawan have said in a letter October 16 that they wanted to "work towards th...Read More

'Banks may need to report HDIL's dues, provisioning status'

'Banks may need to report HDIL's dues, provisioning status'

New Delhi: Public sector banks having fund exposure to the bankrupt real estate firm HDIL may have to classify the loans given to it as n...Read More

HDIL owner Rakesh Wadhawan, arrested in PMC Bank scam, named in another alleged cheating case

HDIL owner Rakesh Wadhawan, arrested in PMC Bank scam, named in another alleged cheating case

The case relates to a complaint by 50 flat buyers who alleged that they HAD booked flats in a real estate project in Ghaziabad's Indirapu...Read More

22-room farmhouse, jet, yatch among HDIL assets seized as ED carries out fresh raids in PMC Bank scam

22-room farmhouse, jet, yatch among HDIL assets seized as ED carries out fresh raids in PMC Bank scam

New Delhi: The Enforcement Directorate said on Monday it is carrying out raids at two places in Mumbai of Housing Development and Infrast...Read More

PMC Bank: ED identifies HDIL 'gifts' to politicians

PMC Bank: ED identifies HDIL 'gifts' to politicians

Mumbai: The Enforcement Directorate (ED) has started identifying the properties and vehicles allegedly 'gifted' by the promoters of HDIL ...Read More

Congress releases list of scams with BJP involvement ahead of Maharashtra Assembly polls

Congress releases list of scams with BJP involvement ahead of Maharashtra Assembly polls

Mumbai: The Punjab and Maharashtra Co-operative Bank scam has again drawn attention of the masses towards corruption. The alleged Rs 4,35...Read More

PMC bank Scam: HDIL promoters remanded to EOW custody till October 9

PMC bank Scam: HDIL promoters remanded to EOW custody till October 9

The duo were arrested by the EOW on Thursday in connection with the Rs 4,355.46 crore fraud in the Punjab and Maharashtra Co-operative (P...Read More

PMC Bank crisis: Banking system, including cooperatives safe, sound: Das

PMC Bank crisis: Banking system, including cooperatives safe, sound: Das

Mumbai: Reserve Bank governor Shaktikanta Das on Friday said the banking system is sound and stable, and one incident at a cooperative ba...Read More

Two top HDIL directors arrested in PMC Bank case

Two top HDIL directors arrested in PMC Bank case

Mumbai: Economic Offence Wing of Mumbai Police on Thursday arrested Housing Development Infrastructure Limited (HDIL) Directors Sarang Wa...Read More

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