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PMC Bank scam: SC stays Bombay High Court order allowing shifting of HDIL promoters from jail to residence
•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
PMC Bank scam: Bombay High Court sets up panel for sale of HDIL assets; next date of hearing on 30 April
•The Bombay High Court set up a three-member committee on Wednesday for valuation and sale of encumbered assets of Housing Development and Infrastructure Ltd (HDIL) to expeditiously recover dues payable by the firm to crisis-hit Punjab & Maharashtra Cooperative (PMC) Bank
PMC Bank scam: EOW submits 32000-page chargesheet; HDIL promoters Rakesh Wadhawan, son Sarang among five accused booked
•According to the RBI, PMC bank masked 44 problematic loan accounts, including HDIL loan accounts, by tampering with its core banking system, and the accounts were accessible only to limited staff members.
PMC Bank scam: No objection if HDIL properties are sold off for recovery of dues, managing director Sarang Wadhawan tells court
•Sarang and his father, HDIL promoter Rakesh Wadhawan are currently in judicial custody after the duo were arrested in connection with an alleged scam at PMC Bank.
PMC Bank scam: Enforcement Directorate files 7,000-page chargesheet against HDIL promoters Rakesh Wadhawan, son Sarang
•The PMC Bank, which has around 16 lakh depositors, was placed under an RBI administrator on 23 September for six months due to massive under-reporting of dud loans.
Daily Bulletin: Voting begins in 15 seats vacated by Congress, JD(S) rebels in Karnataka; RBI MPC likely to slash repo rate for sixth time in a row; day's top stories
Fp Staff •Here are day's top stories: Karnataka bypolls: Election for 15 seats vacated by Congress, JD(S) rebels today; contest ego battle for opposition, survival for BJP; P Chidambaram to hold presser at 12:30 pm, likely to attend Parliament today after bail in INX Media case ; and more
Parliament Updates: Rajya Sabha passes Bill prohibiting e-cigarettes; don't doubt Centre's intention, says Harsh Vardhan
Fp Staff •Parliament Updates: Rajya Sabha passed The Prohibition of Electronic Cigarettes (Production, Manufacture, Import, Export, Transport, Sale, Distribution, Storage and Advertisement) Bill, 2019. Meanwhile, both the Houses saw discussion on the Hyderabad rape and murder case, with the Opposition and Treasury benches uniting voices against the spate of crimes across the country.
PMC Bank scam: Nearly 78% depositors can withdraw entire deposits, says govt; efforts underway to repay customers money
•Sitharaman also said in Lok Sabha that in case of medical emergencies, marriages and other crisis situations, a depositor of PMC Bank can withdraw up to Rs 1 lakh by invoking the 'hardship provisions' of RBI.
PMC Bank scam: Court allows RBI-appointed administrator to sell two jets, yacht of promoters of HDIL group
•A court here has allowed the RBI-appointed administrator for the PMC Bank to sell two airplanes and a yacht belonging to HDIL group firms owned by Rakesh Wadhawan and his son Sarang, the prime accused in the Rs 4,355-crore scam at the cooperative lender
PMC Bank scam: Distressed depositors hold day-long protest at RBI office in Delhi
•Distressed depositors of scam-hit PMC Bank on Wednesday held a day-long protect outside the RBI office here, demanding their "hard-earned" money be returned at the earliest