HDIL promoters Rakesh and Sarang Wadhawan on Wednesday wrote a letter requesting the agencies to sell off their attached assets at the fair market value, monetise it and start the process of repaying loans to Punjab and Maharashtra Co-operative (PMC) Bank.
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Watch PMC Bank Fraud: HDIL promoters offer to sell their assets for making payments With HD Quality.
HDIL promoters Rakesh and Sarang Wadhawan on Wednesday wrote a letter requesting the agencies to sell off their attached assets at the fair market value, monetise it and start the process of repaying loans to Punjab and Maharashtra Co-operative (PMC) Bank.
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Watch PMC Bank Fraud: HDIL promoters offer to sell their assets for making payments With HD Quality
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India's Economic Offences Wing arrests HDIL Directors Sarang Wadhawan and Rakesh Wadhawan in PMC Bank case.
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Watch PMC Bank case: EOW arrests HDIL Directors Sarang Wadhawan, Rakesh Wadhawan With HD Quality
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The Enforcement Directorate (ED) has seized 12 high-end cars which include two Rolls Royce, two Range Rover and one Bentley, of Housing Development and Infrastructure Limited (HDIL) chairman Rakesh Wadhawan and his son Sarang Wadhawan on Friday following raids at six locations in Mumbai.
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Watch PMC bank scam: ED seizes 12 high-end cars of HDIL owners With HD Quality
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Sources: HDIL owners had close links to 3 political leaders, who helped them to get loans from PMC Bank.
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Watch Did HDIL owners have close links to political leaders to get loans from PMC Bank? With HD Quality
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Mumbai: Union Finance Minister arrived at Bharatiya Janata Party (BJP) office in Mumbai’s Nariman Point on Oct 11. She held a meeting with depositors of Punjab and Maharashtra Co-operative (PMC) Bank. Depositors of PMC Bank were holding protest. The RBI has put major restrictions on the transaction of this bank.
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