Tag: Pmc Bank Scam

Mumbai: In further relief to customers of scam-hit Punjab & Maharashtra Cooperative (PMC) Bank, the Reserve Bank on Tuesday enhanced the withdrawal limit to Rs 50,000 per account from Rs 40,000 earlier. In September, the RBI had put restrictions on PMC for six months and allowed depositors to withdraw up to Rs 1,000 of their […]

Mumbai: The Economic Offence Wing (EOW) of Mumbai Police has arrested S. Rajneet Singh in connection with the Punjab and Maharashtra Cooperative (PMC) Bank scam, an official said here late on Saturday. Singh was a director of the bank and is the son of senior state BJP leader Sardar Tara Singh, a former legislator from […]

Mumbai: A court here has allowed the RBI- appointed administrator for PMC Bank to sell two aeroplanes and a yacht belonging to HDIL group promoters Rakesh Wadhawan and his son Sarang, the prime accused in the Rs 4,355-crore scam at the cooperative lender. The administrator had moved the metropolitan court here, seeking its direction to […]

New Delhi: The Supreme Court on 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 (PMC) Bank scam case, from Mumbai’s Arthur Road Jail to their residence. A bench comprising Chief Justice S A Bobde and justices B […]