PMC bank fraud: Enforcement Directorate attaches HDIL group's shares worth Rs 233 crore

The agency has filed a money-laundering case to probe the alleged loan fraud in the Punjab and Maharashtra Co-operative (PMC) Bank in October, 2019 against the Housing Development Infrastructure Limited (HDIL), its promoters Rakesh Kumar Wadhawan, his son Sarang Wadhawan, its former chairman Waryam Singh and former managing director Joy Thomas.

from Banking/Finance-Industry-Economic Times https://ift.tt/3gYuRvb