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PMC FRAUD
PMC Bank case: ED attaches shops worth over Rs 13 crore in Pune mallThe Enforcement Directorate attached shops worth more than Rs 13 crore in Pune's SGS Mall in the Punjab and Maharashtra Cooperative (PMC) B...- PMC Bank scam: Absconding former director arrested in BiharThe EOW of the Mumbai police, which is probing the multi-crore scam, had issued a lookout notice against Bal and 10 former directors of the...
- PMC Bank fraud case: HC rejects Rakesh Wadhawan's medical bail pleaA single bench presided over by Justice Nitin Sambre said that Wadhawan's submission that he was immediately required to be released on tem...
- PMC bank fraud: Enforcement Directorate attaches HDIL group's shares worth Rs 233 croreThe agency has filed a money-laundering case to probe the alleged loan fraud in the Punjab and Maharashtra Co-operative (PMC) Bank in Octob...
- PMC Bank depositors should get back deposits without any condition: NCUIReacting to RBI's in principle approval to Centrum Financial Services, NCUI President Dileep Sanghani in a statement said, "This is indeed ...
- Bombay HC grants bail to three former directors of PMC Bank in Rs 4,300 cr scam caseOn Wednesday, Justice Prakash D Naik, while granting bail to Nandrajog, Bavisi and Bane in an oral order directed them to submit their pass...
- PMC Bank scam: Bail pleas of Viva group managing director Mehul Thakur, CA rejectedTheir plea for default bail was rejected by special judge Abhijeet Nandgoankar on April 8, and a detailed copy of the order was made availa...
- PMC bank fraud case: Viva group MD, CA remanded in ED custodyMehul Thakur and CA Gopal Chaturvedi were arrested under the Prevention of Money Laundering Act (PMLA) on Friday after the ED searched five...
- India's fraud-hit PMC Bank asked other major banks for a merger, says administratorAuthorities started investigating Punjab and Maharashtra Co-operative Bank (PMC) for fraud last year and the Reserve Bank of India (RBI) to...
- PMC bank: Wadhawans bail rejected, offence grave says courtThe Wadhawan duo are accused in the multi-crore rupee Punjab & Maharashtra Cooperative (PMC) Bank scam case.
- PMC Bank case: High Court seeks info on health condition of WadhawansJustice Bharati Dangre was on Tuesday hearing petitions filed byHousing Development and Infrastructure Ltd (HDIL) promoters Rakesh Wadhawan...
- UCBs look to raise perpetual bondsUCBs cannot raise capital at a premium as their private sector counterparts do.
- ED arrests HDIL promoters on money laundering chargesHDIL promoters Rakesh and Sarang Wadhawan were arrested on Friday after PMLA court sent them to Enforcement Directorate custody till Octobe...
- How safe do you think is your bank deposit?In India, the Deposit Insurance and Credit Guarantee Corporation (DICGC), a subsidiary of the RBI was set up under an Act of the Parliament...
- FM Nirmala Sitharaman faces angry PMC depositors; says will amend laws if neededThe finance minister noted that the PMC is a multi state cooperative bank and like all other multi-state cooperative banks, it is regulated...
- Banks will have to reclassify loans given to HDIL as fraudReal estate developer HDIL is currently in default to various banks and has been admitted for proceedings under the Insolvency and Bankrupt...
- PMC suspended chief in police custody till 9thED which has registered a money laundering case in this matter and will soon write to the Maldives to attach a yacht owned by the promotors...
- PMC Bank created over 21,000 fake accounts to hide defaults by HDILThese loans were not recorded in core banking system, instead they were mere entries in the "master indent" submitted to the RBI for inspec...
- Grant Thornton to investigate Rs 4,355-crore PMC Bank fraudPMC appointed the forensic auditor at the behest of the Economic Offences Wing (EOW) of the Mumbai police.
- PMC crisis: This tiny bank in Maharashtra is a canary in India’s coalmineHow did PMC’s board, its auditors and the central bank remain clueless for so long?
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