Tag: PMC bank
After Demonetization, and GST, Bank frauds are the new shake to...
After Demonetization, people considered banks as a safe place to keep their hard-earned money. Millions of Indians deposited their life-time savings and then a new chapter of bank fraud came into existence.
PMC bank scam: Police arrested former bank director
The Special Investigation Team of Mumbai Police's Economic Offenses Wing (EOW) in the PMC Bank scam has arrested former PMC Bank Director Surjit Singh Arora on Wednesday after questioning him in connection with the scam. This is the fifth major arrest in the scam. Earlier, former PMC bank chairman Varyam Singh, managing director Joy Thomas and HDIL owners Rakesh and Sarang Wadhawan were arrested.
PMC Bank Scam: 2100 acres of land found with Wadhawan, worth...
Sarang and Rakesh Wadhawan, the main accused in the Punjab and Maharashtra bank scam and owners of HDIL, also own 2100 acres of land, valued at Rs 3500 crore in the market. Now the Enforcement Directorate (ED) is going to seize this land. This land is located in seven different villages of Vasai-Palghar.
Demonstration of PMC customers outside BJP office, Sitharaman gave assurance
The depositors of Punjab and Maharashtra Cooperative (PMC) Bank are protesting outside the BJP headquarters located at Nariman Point in Mumbai. A depositor named Krishna said, 'I don't know what she is doing. I don't care what she will do. I want my money back. I will never be able to earn any money that I have deposited in the bank.
PMC Bank Scam: Speedboats, vehicles and bikes found on the plush...
The prime accused who had scammed Rs 4355 crore in Punjab and Maharashtra Co-operative Bank and the owners of HDIL were also involved in four other banks. Three of them are government and one private bank. The father-son duo took loans from these banks, but have not repaid it. Apart from this, the police has seized another private jet. Investigating officers have also come to know about the luxurious bungalows, vehicles and speed boats.
