Rakesh Wadhawan

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

Chief Metropolitan Magistrate R K Rajebhosale on Monday allowed the sale of two aircraft- Falcon 2000 (VT-HDL) and Challenger 300 (VT-PIL)- and one yatch (Ferreti 881 HT).

published on : 27th November 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

Sell our assets to pay off PMC Bank's dues: Wadhawans write to RBI, agencies

According to the Mumbai Police's Economic Offences Wing, which first arrested the Wadhawans, the scam at the Punjab & Maharashtra Cooperative Bank is worth Rs 4,355 crore.

published on : 17th October 2019

PMC Bank case: ED attaches jewellery worth Rs 60 crore of HDIL Chairman

The Enforcement Directorate also claimed that it is in touch with authorities in Maldives to attach Wadhwan's yacht which is anchored there.

published on : 6th October 2019

PMC Bank case: ED looks into 18 companies linked to HDIL

The financial probe agency said that they will now look into all the deals the company had done since its inception.

published on : 5th October 2019