PMC bank scam

Mumbai Police arrests three directors of PMC Bank

Jagdish Mookhey, Mukti Bavisi and Trupti Bane were arrested following extensive interrogation in connection with credit facilities provided by the bank to HDIL.

published on : 3rd December 2019

78 per cent depositors of PMC Bank can withdraw entire deposits: Nirmala Sitharaman

The minister said steps are being taken to seize properties of promoters of the PMC Bank, auction such properties and repay depositors with the money obtained.

published on : 2nd December 2019

BJP leader Sardar Tara Singh's son nabbed in PMC Bank scam

Rajneet Singh was a director of the bank and is the son of senior state BJP leader Sardar Tara Singh, a former legislator from Mulund.

published on : 17th November 2019

Another auditor arrested in PMC Bank scam

Earlier, the EOW had arrested three top bank officials and two promoters of HDIL -- Rakesh and Sarang Wadhawan -- in the scam.

published on : 13th November 2019

Closely monitoring situation at PMC Bank; forensic audit underway: RBI Governor

PMC Bank was placed under an RBI administrator on September 23 for six months due to massive under-reporting of dud loans.

published on : 7th November 2019

Stressed over savings stuck, PMC Bank depositor dies of heart attack,7th since scam surfaced 

64-year-old Kuldeep Kaur Vig, who worked as a coach at Guru Teg Bahadur High School in GTB Nagar, had his salary account with PMC Bank.

published on : 1st November 2019

PMC Bank scam: Despositors' woes mount as RBI Governor Shaktikanta Das​ abroad

Though RBI officials said they would be making a media announcement in the matter soon, the agitating depositors served an ultimatum till Oct.

published on : 22nd October 2019

PMC Bank scam: Custody of HDIL's father-son duo extended, another depositor dies in Solapur

The ED produced HDIL chairman and MD Rakesh Wadhawan and his son Sarang Wadhawan before special PMLA court judge P Rajvaidya, after their remand ended on Tuesday.

published on : 22nd October 2019

PMC Bank scam: HDIL's Wadhawans sent to ED custody till October 22

ED's counsel Kavita Patil told the court that the Wadhawans were the actual beneficiaries of the proceeds of the crime and their interrogation is required to track the money trail.

published on : 18th October 2019

Supreme Court refuses to entertain plea on insuring PMC Bank customers

A bench headed by Chief Justice Ranjan Gogoi asked the petitioner to approach the high court for seeking relief on his plea.

published on : 18th October 2019

Scam-hit HDIL appoints property consultant Knight Frank to value 40 land assets

While the principal loan on these 40 properties is around Rs 2,200 crore, PMC Bank has been accused of fraudulently extending Rs 4,500 crore to HDIL on the back of security of these properties.

published on : 17th October 2019

PMC Bank scam: Ex-director Surjit Arora sent to police custody till October 22

Surjit Arora was arrested by the Economic Offences Wing after being summoned by the investigating agency for questioning in connection with the alleged Rs 4,355 crore scam at the PMC Bank.

published on : 17th October 2019

PMC Bank scam: Three accused remanded in judicial custody

The Wadhawans was arrested on October 3, while Singh was held on October 5 for their alleged involvement in the Rs 4,355 crore scam at the PMC Bank.

published on : 16th October 2019

PMC Bank assures to protect depositors interest; administrator to meet RBI governor

The PMC statement said the bank management led by Bhoria apprised Governor Das of the position of the bank after relaxation of the withdrawal limits to Rs 40,000.

published on : 16th October 2019

PMC bank crisis: Two customers die of heart attack, one commits suicide

Dr Yogita Bijlani (39) who lived in the US, is survived by her husband, 17-year-old daughter and an 18-month-old baby. She had savings upwards of Rs 1 crore in the bank, said police.

published on : 16th October 2019
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