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PMC bank scam: 'Hisab to dena padega,' BJP leader after Sanjay Raut’s wife repays Rs 55 lakh loan

India | Jan 15, 2021, 12:39 PM IST

Taking a dig on Shiv Sena MP Sanjay Raut, Senior BJP leader and former MP Kirit Somaiya said that he will have to give an explanation.

ED summons Sanjay Raut's wife again in PMC Bank money laundering case

India | Jan 06, 2021, 03:00 PM IST

Varsha Raut was grilled and her statement recorded under the Prevention of Money Laundering Act (PMLA) by the central probe agency for the first time on January 4 at its office.

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Sanjay Raut's wife Varsha quizzed by ED for over 3 hours in PMC bank fraud case

India | Jan 04, 2021, 07:24 PM IST

This is the first time that Varsha Raut has appeared before the ED after being summoned twice by the agency in the case.

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PMC Bank Scam: Sanjay Raut's wife Varsha issued fresh summons by ED

India | Dec 29, 2020, 08:11 PM IST

The Enforcement Directorate (ED) on Tuesday issued a fresh summon to senior Shiv Sena leader Sanjay Raut's wife Varsha in connection with the over Rs 4,300 crore PMC bank scam.

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

India | Feb 12, 2020, 08:57 PM IST

The scam-hit Punjab & Maharashtra Cooperative Bank Ltd had allegedly tried to influence its auditors by sending them on junkets to Goa and other places in order to keep them tight-lipped about the murky goings-on in the bank, official sources said in Mumbai.

PMC Bank scam: SC stays Bombay HC order directing sale of HDIL assets to repay dues

India | Feb 07, 2020, 01:57 PM IST

The Supreme Court on Friday stayed the Bombay High Court order directing sale of bankrupt Housing Development and Infrastructure Ltd (HDIL) to ensure repayment of dues of crisis-hit Punjab and Maharashtra Cooperative Bank.

PMC Bank scam: Depositors detained for holding protest at HDIL promoter's residence

India | Jan 19, 2020, 07:53 PM IST

Around a dozen depositors of the scam-hit Punjab and Maharashtra Cooperative (PMC) Bank were detained on Sunday for allegedly trying to stage a protest outside the Khar residence of HDIL promoters Rakesh Wadhawan and his son Sarang, who are accused in the bank fraud case, police said.

PMC Bank scam: SC stays HC order allowing shifting of HDIL promoters from jail to their residence

Business | Jan 16, 2020, 06:16 PM IST

The Supreme Court Thursday partially stayed the Bombay High Court order allowing shifting of HDIL promoters Rakesh Wadhawan and Sarang Wadhawan, accused in the multi-crore Punjab & Maharashtra Cooperative Bank (PMC) scam, from Mumbai's Arthur Road Jail to their residence.

PMC Bank scam: 32000-page charge sheet filed against 5 accused

India | Dec 27, 2019, 05:49 PM IST

The charge sheet in the multi-crore Punjab and Maharashtra Cooperative (PMC) Bank scam has named former managing director of the bank Joy Thomas, former chairman Waryam Singh, former director of the bank Surjit Singh Arora, along with Housing Development and Infrastructure Limited (HDIL) promoters Rakesh Wadhawan and Sarang Wadhawan.

Another depositor of fraud-hit PMC Bank dies

India | Dec 06, 2019, 06:29 PM IST

The relative said Jiandani had an account in Punjab & Maharashtra Cooperative Bank (PMC Bank), which was put under restrictions by the RBI in September after an alleged Rs 4,355 crore scam came to light.

How scam-hit PMC Bank 'fooled' RBI

India | Nov 19, 2019, 10:18 PM IST

In a detailed affidavit filed before the Bombay High Court on Tuesday, the Reserve Bank of India (RBI) has virtually admitted that it was 'fooled' by the management of the scam-hit Punjab & Maharashtra Cooperative (PMC) Bank.

PMC Bank scam: EOW conducts search at Rajneet Singh's flat

India | Nov 17, 2019, 06:03 PM IST

A day after Rajneet Singh, son of former BJP MLA Sardar Tara Singh, was arrested in connection with the Punjab and Maharashtra Cooperative (PMC) Bank scam, the Economic Offences Wing (EOW) of the city police on Sunday conducted a search at his residence here, an official said.

Pmc Bank Scam