PMC Bank scam: 2 HDIL directors held, Rs 3,500 crore assets frozen

Rakesh Wadhwan and his son Sarang Wadhwan, directors of Housing Development and Infrastructure Limited were arrested by Mumbai Police on Thursday in the Rs 4,355 cr Punjab and Maharashtra Cooperative Bank cheating case probe. Non-repayment of Rs 4,355 cr loan led to panic among the account holders. The police has also seized Rs 3,500 crore property of the company.

from Times of India https://ift.tt/2oNHCk9