PMC Bank Scam: ED registers money laundering case, raids 6 locations in Mumbai
The HDIL group and PMC official nexus came into the light after the RBI put restrictions on the bank. Reportedly, out of the total loan...
Tag : HDIL
Headlines: Mumbai Police arrests Rakesh and Sarang Wadhvan in PMC Bank scam case
In a first definitive action post the PMC Bank fiasco, the Mumbai Police has arrested HDIL promoters Rakesh Wadhvan and Sarang Wadhvan. The arrest has...
Business Tit-Bits: The Tale of Two Confessions
The PMC Scam which exposed how the accounts were manipulated in nexus with the HDIL officials compels us to look back for such examples. In...
PMC Bank Scam: HDIL officials Rakesh and Sarang Wadhvan arrested
Rakesh Kumar is Executive Chairman of the HDIL whereas Sarang Wadhvan is managing director of the company. Mumbai| In a first definitive action post the...
Business Headlines: Will Yes Bank become the next PMC?
The country’s fourth largest private lender Yes Bank is in the midst of a crisis. It is staring at a crisis of both trust and...
PMC Bank crisis: FIR filed against HDIL and PMC Bank officials
Several account holders of Punjab and Maharashtra Co-operative Bank (PMC Bank) had lodged a police complaint against the bank officials on Thursday Mumbai| The Economic...
HW Exclusive: PNB, ILFS, now PMC- How RBI is failing India
With the five page confession letter dt. 21.09.19 to the RBI of Joy Thomas, the former MD of the crisis ridden PMC Coop. Bank, out...
Business Headlines: Sharad Pawar and the PMC Bank episode
Co-operative banks have a different strucuture from private and public sector banks which make them suseptible to mis-management by political parties. We tell you how...