Pmc Scam

Referring to the arrest of Neil Somaiya, son of BJP leader Kirit Somaiya for his alleged links with an accused in the PMC Bank scam, Shiv Sena's Rajya Sabha MP Sanjay Raut said that father and son duo will be jailed soon.

Former director of Punjab and Maharashtra Cooperative (PMC) Bank Daljit Singh Bal was apprehended by the Mumbai police's Economic Offences Wing (EOW) in Bihar, an official said on Thursday.

The Bombay High Court has asked the Maharashtra government to inform the court if any state-run hospital in Mumbai has "pacemaker implantation facility" that can be provided to businessman Rakesh Wadhawan accused of money laundering in the PMC Scam.

The Enforcement Directorate raided some of the premises linked to a Maharashtra MLA in connection with its money laundering probe in the alleged Rs 4,300 crore Punjab and Maharashtra Co-operative (PMC) Bank fraud case, official sources said.

Shiv Sena leader Sanjay Raut's wife, Varsha Raut, today appeared before the Enforcement Directorate in Mumbai for questioning in a money laundering case. She had been summoned at least three times earlier in connection with the loan scam at Punjab and Maharashtra Cooperative (PMC) Bank. Ms Raut had, however, skipped appearing till now citing health...

Economic offence is committed with "cool calculations" for personal profit regardless of consequences to community and need to be viewed seriously, observed a court in Mumbai while refusing bail to HDIL promoters Rakesh and Sarang Wadhawan.

A metropolitan magistrate court in Mumbai on Tuesday cancelled the interim bail granted to HDIL promoter Rakesh Wadhawan and his son Sarang Wadhawan, accused in the Rs 4,355-crore Punjab and Maharashtra Cooperative (PMC) Bank scam.

HDIL promoter Rakesh Wadhawan, currently lodged in jail in connection with the multi-crore rupees Punjab & Maharashtra Cooperative (PMC) Bank scam case, was denied interim bail on Friday by a special court in Mumbai.

Promoters of the real estate firm HDIL at the centre of the massive PMC Bank scam will remain in a Mumbai jail for now. The Supreme Court on Thursday put on hold a high court order that allowed them to be placed under house arrest.

The Bombay High Court set up a three-member committee on Wednesday for valuation and sale of encumbered assets of Housing Development and Infrastructure Ltd (HDIL) to expeditiously recover dues payable by the firm to crisis-hit Punjab & Maharashtra Cooperative (PMC) Bank.

NCP chief Sharad Pawar on Monday met Union Minister of State for Finance Anurag Singh Thakur to discuss possibilities for the revival of the Punjab & Maharashtra Cooperative (PMC) Bank.

A delegation of Punjab and Maharashtra Co-operative (PMC) Bank depositors met Maharashtra Chief Minister Uddhav Thackeray at his residence Matoshree in Maharashtra capital Mumbai on Sunday.

In October, police alleged that Punjab and Maharashtra Co-operative Bank (PMC) had used more than 21,000 fictitious accounts to hide loans it made to a single real estate firm. The Economic Offences Wing (EOW) of Mumbai Police has made a number of arrests in connection with the alleged Rs 4,355-crore PMC Bank scam, including its former chairman War...

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 owned by Rakesh Wadhawan and his son Sarang, the prime accused in the Rs 4,355-crore scam at the cooperative lender.

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 Mumbai Police on Sunday conducted a search at his Sion residence, an official said.

Referring to the arrest of Neil Somaiya, son of BJP leader Kirit Somaiya for his alleged links with an accused in the PMC Bank scam, Shiv Sena's Rajya Sabha MP Sanjay Raut said that father and son duo will be jailed soon.

Former director of Punjab and Maharashtra Cooperative (PMC) Bank Daljit Singh Bal was apprehended by the Mumbai police's Economic Offences Wing (EOW) in Bihar, an official said on Thursday.

The Bombay High Court has asked the Maharashtra government to inform the court if any state-run hospital in Mumbai has "pacemaker implantation facility" that can be provided to businessman Rakesh Wadhawan accused of money laundering in the PMC Scam.

The Enforcement Directorate raided some of the premises linked to a Maharashtra MLA in connection with its money laundering probe in the alleged Rs 4,300 crore Punjab and Maharashtra Co-operative (PMC) Bank fraud case, official sources said.

Shiv Sena leader Sanjay Raut's wife, Varsha Raut, today appeared before the Enforcement Directorate in Mumbai for questioning in a money laundering case. She had been summoned at least three times earlier in connection with the loan scam at Punjab and Maharashtra Cooperative (PMC) Bank. Ms Raut had, however, skipped appearing till now citing health...

Economic offence is committed with "cool calculations" for personal profit regardless of consequences to community and need to be viewed seriously, observed a court in Mumbai while refusing bail to HDIL promoters Rakesh and Sarang Wadhawan.

A metropolitan magistrate court in Mumbai on Tuesday cancelled the interim bail granted to HDIL promoter Rakesh Wadhawan and his son Sarang Wadhawan, accused in the Rs 4,355-crore Punjab and Maharashtra Cooperative (PMC) Bank scam.

HDIL promoter Rakesh Wadhawan, currently lodged in jail in connection with the multi-crore rupees Punjab & Maharashtra Cooperative (PMC) Bank scam case, was denied interim bail on Friday by a special court in Mumbai.

Promoters of the real estate firm HDIL at the centre of the massive PMC Bank scam will remain in a Mumbai jail for now. The Supreme Court on Thursday put on hold a high court order that allowed them to be placed under house arrest.

The Bombay High Court set up a three-member committee on Wednesday for valuation and sale of encumbered assets of Housing Development and Infrastructure Ltd (HDIL) to expeditiously recover dues payable by the firm to crisis-hit Punjab & Maharashtra Cooperative (PMC) Bank.

NCP chief Sharad Pawar on Monday met Union Minister of State for Finance Anurag Singh Thakur to discuss possibilities for the revival of the Punjab & Maharashtra Cooperative (PMC) Bank.

A delegation of Punjab and Maharashtra Co-operative (PMC) Bank depositors met Maharashtra Chief Minister Uddhav Thackeray at his residence Matoshree in Maharashtra capital Mumbai on Sunday.

In October, police alleged that Punjab and Maharashtra Co-operative Bank (PMC) had used more than 21,000 fictitious accounts to hide loans it made to a single real estate firm. The Economic Offences Wing (EOW) of Mumbai Police has made a number of arrests in connection with the alleged Rs 4,355-crore PMC Bank scam, including its former chairman War...

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 owned by Rakesh Wadhawan and his son Sarang, the prime accused in the Rs 4,355-crore scam at the cooperative lender.

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 Mumbai Police on Sunday conducted a search at his Sion residence, an official said.