Recent Highlights
All Stories for Rakesh Wadhawan
PMC Bank scam: EOW submits 32000-page chargesheet; HDIL promoters Rakesh Wadhawan, son Sarang among five accused booked
• 5 years agoAccording 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: RBI-appointed administrator to seek valuation of HDIL's aircraft, yacht; plans to appoint consultant
• 5 years agoThese assets belong to HDIL group firms owned by Rakesh Wadhawan and his son Sarang, the prime accused in the Rs 6,500-crore scam at the cooperative lender.
PMC Bank scam: Enforcement Directorate files 7,000-page chargesheet against HDIL promoters Rakesh Wadhawan, son Sarang
• 5 years agoThe 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.
PMC Bank scam: Court allows RBI-appointed administrator to sell two jets, yacht of promoters of HDIL group
• 5 years agoA 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
• 5 years agoDistressed 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
PMC Bank scam: Top bank officials hid HDIL accounts from system, RBI tells Bombay High Court
• 5 years agoSenior officials of scam-hit PMC Bank used special codes to hide hundreds of dummy loan accounts of HDIL, to which the bank had over 73 percent of its loan exposure, the Reserve Bank informed the Bombay High Court on Tuesday
PMC Bank scam: RBI governor Shaktikanta Das says closely monitoring situation, forensic audit underway
• 5 years agoReserve Bank Governor Shaktikanta Das on Thursday said it is closely monitoring the situation at scam-hit PMC Bank and a forensic audit is underway
PMC Bank scam: Depositors gather outside RBI Delhi office, demand assurance on return of their savings
• 5 years agoA group of distressed PMC depositors gathered outside the Reserve Bank of India (RBI) office here on Wednesday, seeking an assurance that their deposits in the scam-hit corporative bank are safe and will be returned to them within a stipulated time
PMC Bank scam: Bombay HC asks RBI what steps were taken to help depositors; next hearing on 19 November
• 5 years agoThe Bombay High Court on Monday sought to know from the Reserve Bank of India what steps it has taken to protect the interests of depositors of the crisis-hit Punjab and Maharashtra Cooperative (PMC) Bank
PMC Bank scam: Depositors continue protest seeking payback; police detains three agitators
• 5 years agoDepositors of the PMC Bank on Wednesday protested in the financial capital, seeking an immediate payback of their dues from the troubled cooperative