PMC reported only 439-cr exposure to HDIL Group'
Out of Punjab and Maharashtra Co-operative (PMC) Bank's total exposure of 6,226.01 crore as on March 31, 2019, to the HDIL Group, only 439.58 crore25-11-2019
25-11-2019
PMC Bank disclosed only Rs 439.6 cr exposure to HDIL of Rs 6,226 cr: Report
The Reserve Bank of India has reported that the fraud was perpetrated by the PMC Bank by withholding and falsifying pertinent information about its exposure to HDIL25-11-2019
HOUSING DEVELOPMENT & INFRASTRUCTURE LTD. - 532873 - Corporate Insolvency Resolution Process (CIRP)-Updates - Corporate Insolvency Resolution Process (CIRP)
Please find enclosed copy of the order attached for your reference12-11-2019
PMC scam: Mumbai police EOW arrests 2 auditors for covering irregularities
Two auditors were arrested on Monday night in connection with the Rs 4,355-crore alleged Punjab and Maharashtra Cooperative (PMC) Bank scam by the Economic Offences Wing (EOW) of the Mumbai Police, an official said. The arrested duo, Jayesh Sanghani and Ketan Lakdawala, had served as statutory auditors when the scam was committed and suspected to have played a key role in covering up the irregularities involving some top officials of the bank, he said. Police had earlier called Sanghani and Lakdawala, the proprietors of Ashok Jayesh & Associates and Lakdawala & co, respectively, for questionning. "They failed to give convincing replies regarding their role as the statutory auditors of the PMC Bank. They were arrested on Monday evening and booked under relevant sections of the Indian Penal Code," he said. Probing the scam, the EOW suspects a nexus between some of the accused and HDIL group companies. According to investigators, a deep-rooted conspiracy caused...11-11-2019
Lack of ICA to hit PMC Bank's HDIL exposure
It is not clear as to where PMC Bank stands in the pecking order for recovery of its dues from HDIL, worth Rs 6,500 crore07-11-2019
PMC Bank crisis: Director claims she is a victim too, deposited Rs 10 lakh recently
PMC Bank crisis: The Director said that she had no knowledge of the HDIL scam and had recently deposited Rs 10 lakh in the bank, which corroborates her claims.26-10-2019
PMC Bank scam: Former director Daljit Singh Bal on run, Mumbai EOW says he cleared loans to HDIL
The Mumbai Police's Economic Offences Wing has served summons to Daljit Singh Bal for questioning at his address but till date he remains on the run24-10-2019
Housing Development and Infrastructure Ltd - 532873 - Shareholder Meeting / Postal Ballot-Scrutinizer''s Report
Submission in PDF mode duly corrected in Scrutinizer''s Report23-10-2019
PMC Bank scam: Special PMLA court extends ED custody of Rakesh, Sarang Wadhvan till Oct 24
PMLA court today extended ED custody of Rakesh Kumar Wadhawan and his son Sarang Wadhawan till October 24. ED had seized and identified movable & immovable assets worth more than Rs 3,830 crore owned by the HDIL in connection with the case.22-10-2019
Maharashtra government will explore option of PMC bank merger: Devendra Fadnavis
The alleged scam to the tune of Rs 4,355 crore scam at the bank is attributed to loans given to realty firm HDIL, which were allegedly hidden from regulators' scrutiny, turning non-performing assets.19-10-2019