PMC Bank scam: EOW conducts search at Rajneet Singh's flat
5 years, 1 month ago

PMC Bank scam: EOW conducts search at Rajneet Singh's flat

India TV News  

A day after Rajneet Singh, son of former BJP MLA Sardar Tara Singh, was arrested in connection with the Punjab and Maharashtra Cooperative Bank scam, the Economic Offences Wing of the city police on Sunday conducted a search at his residence here, an official said. Before the search, Rajneet Singh, who is a director of the scam-hit bank, was produced before a court here, which remanded him in police custody till November 25. With the arrest of Rajneet Singh, total nine persons have been arrested in connection with the alleged Rs 4355-crore scam, including three top bank officials and two promoters of HDIL --Rakesh and Sarang Wadhawan, and auditors. ALSO READ | PMC Bank Scam: Mumbai Police arrests former Director Rajneet Singh

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History of this topic

ED arrests another suspect in Rajasthan’s Jal Jeevan Mission money laundering case
6 months, 3 weeks ago

ED arrests another suspect in Rajasthan’s Jal Jeevan Mission money laundering case

India TV News  

The Enforcement Directorate has made a new arrest in its ongoing money laundering investigation concerning alleged irregularities in the Jal Jeevan Mission scheme in Rajasthan, official sources reported on Friday. About the case It is pertinent to note that the money laundering case originally stems after the anti-corruption bureau registered an FIR citing that Padamchand Jain, Mahesh Mittal, Piyush Jain, …

Police Explain Reasons for Arrest of TD Leader’s Son
10 months, 1 week ago

Police Explain Reasons for Arrest of TD Leader’s Son

Deccan Chronicle  

Vijayawada: Vijayawada police have arrested P. Sarath, son of former minister and Telugu Desam leader Prathipati Pulla Rao, for misappropriating government funds by creating a fake voice in the name of a fake company. In a press release on Saturday, NTR district police commissioner Kanthi Rana Tata explained that on February 25, 2024, the deputy director of Andhra Pradesh State …

MSC Bank 'Scam': ED Searches Baramati Company Of NCP Chief Sharad Pawar's Grand Nephew
1 year ago

MSC Bank 'Scam': ED Searches Baramati Company Of NCP Chief Sharad Pawar's Grand Nephew

ABP News  

The Enforcement Directorate raided the premises of Baramati Agro, a firm owned by MLA Rohit Pawar, the grand nephew of NCP supremo Sharad Pawar, and related organisations on Friday as part of a money laundering investigation into the alleged Maharashtra State Cooperative Bank scam, according to official sources, news agency PTI reported. The MSCB money laundering case arises from a …

Odisha police may question actor Govinda in alleged fake cryptocurrency case
1 year, 3 months ago

Odisha police may question actor Govinda in alleged fake cryptocurrency case

Hindustan Times  

The Economic Offences Wing of Odisha police may interrogate Bollywood actor Govinda in connection with a ₹1,000 crore fake cryptocurrency scam. Officials of Economic Offences Wing of Odisha police said the actor, who had attended a promotional event of Solar Techno Alliance, a multi-level marketing scheme which advertised itself as a cryptocurrency, in Goa on July 30 may be summoned. …

Fraudster held in Delhi for duping several investors worth Rs 3.6 crores
2 years, 11 months ago

Fraudster held in Delhi for duping several investors worth Rs 3.6 crores

India Today  

The Economic Offences Wing of Delhi Police has arrested a member of a gang that duped nearly 41 investors from Rohini of at least Rs 3.6 crore through multi-level marketing Ponzi schemes. Multi-level marketing Ponzi schemes Police launched an investigation when a complaint was registered by Promila Jain and others who alleged that Jain and Singh induced housewives on the …

Ex-SBI chairman Pratip Chaudhary, arrested in loan scam case, sent to 14-day judicial custody
3 years, 2 months ago

Ex-SBI chairman Pratip Chaudhary, arrested in loan scam case, sent to 14-day judicial custody

India TV News  

Former State Bank of India chairman Pratip Chaudhury, who was arrested by the Jaisalmer Police from Delhi on Sunday in connection with a loan scam case, has been sent to 14-day judicial custody. Chaudhury was held on the basis of arrest orders issued by the Chief Judicial Magistrate Court in the case of selling Godawan Group hotel property at a …

Raj Kundra case: Crime Branch reaches Shilpa Shetty’s Juhu residence; fresh raids likely
3 years, 5 months ago

Raj Kundra case: Crime Branch reaches Shilpa Shetty’s Juhu residence; fresh raids likely

Firstpost  

Kundra was arrested on the night of 19 July after being booked under relevant sections of the Indian Penal Code and the Information Technology Act The Mumbai Police’s Crime Branch reached Raj Kundra and Shilpa Shetty’s Juhu residence on Friday, raising speculation that fresh raids are likely to be conducted. Sources told CNN-News18 that the police team may conduct searches …

Bank Fraud: ED Arrests Shakti Bhog CMD in Money Laundering Case
3 years, 6 months ago

Bank Fraud: ED Arrests Shakti Bhog CMD in Money Laundering Case

News 18  

The ED on Monday said it has arrested Kewal Krishan Kumar, chairman and managing director of Delhi-based Shakti Bhog Foods Limited, in a money laundering case linked to an alleged multi-crore bank loan fraud. Kumar was arrested on Sunday here and later produced before a special Prevention of Money Laundering Act court that sent him to ED custody till July …

Espionage Case -Delhi Court Sends Freelance Journalist Rajeev Sharma 7 Days ED Custody Till July 9
3 years, 6 months ago

Espionage Case -Delhi Court Sends Freelance Journalist Rajeev Sharma 7 Days ED Custody Till July 9

Live Law  

A Delhi Court on Friday sent freelance journalist Rajeev Sharma to 7 days Enforcement Directorate's custody till July 9 after he was arrested for allegedly supplying confidential information to Chinese Officials.ED had initiated investigation on the basis of an FIR filed against Rajeev Sharma under the provisions of IPC, Official Secrets Act. A Delhi Court on Friday sent freelance journalist …

Saradha Chit Fund Scam: Calcutta HC Grants Bail to Accused Debjani Mukherjee After 8 Years
3 years, 6 months ago

Saradha Chit Fund Scam: Calcutta HC Grants Bail to Accused Debjani Mukherjee After 8 Years

News 18  

The Calcutta High Court has granted bail to the accused, Debjani Mukherjee, in relation to all her cases in the Saradha Chit fund Scam in West Bengal on Saturday. However, Debjani Mukherjee has multiple cases registered against her in the states of Jharkhand and Odisha in connection with the same case. Debjani Mukherjee, who was the director in Saradha Group …

Saradha scam: SC defers hearing on CBI plea to quiz Bengal IPS officer Rajeev Kumar
3 years, 10 months ago

Saradha scam: SC defers hearing on CBI plea to quiz Bengal IPS officer Rajeev Kumar

India Today  

The Supreme Court on Tuesday deferred by two weeks the hearing on CBI's contempt plea against former Kolkata police commissioner Rajeev Kumar and others alleging non-cooperation by them in its probe into the multi-crore-rupee Saradha chit fund scam case. The CBI, entrusted with investigating the Ponzi scheme cases in West Bengal by the apex court, filed the contempt plea on …

Saradha Scam: CBI Moves SC Seeking to Interrogate Rajeev Kumar
4 years ago

Saradha Scam: CBI Moves SC Seeking to Interrogate Rajeev Kumar

The Quint  

CBI claims his custodial interrogation is important to uncover the greater conspiracy in the case between Saradha directors Sudipta Sen, Debajani Mukherjee and several top Trinamool Congress politicians, to finally bring the probe to a rounded conclusion. CBI also alleges that Kumar participated in destruction of evidence by tampering with phone records to protect top TMC politicians and directors of …

Saradha scam: CBI moves SC to arrest, quiz Bengal IPS officer Rajeev Kumar
4 years ago

Saradha scam: CBI moves SC to arrest, quiz Bengal IPS officer Rajeev Kumar

India Today  

The Central Bureau of Investigation has moved the Supreme Court seeking to arrest and question senior IPS officer and former Kolkata police commissioner Rajeev Kumar in connection with the multi-crore-rupee Saradha chit fund scam case. The CBI moved the Supreme Court to arrest and interrogate Rajeev Kumar alleging that the IPS officer has not been cooperating in the Saradha chit …

'Hello Taxi' Scam Accused Arrested in Delhi After Complaints from More than 350 Investors
4 years ago

'Hello Taxi' Scam Accused Arrested in Delhi After Complaints from More than 350 Investors

News 18  

The Economic Offences Wing of Delhi Police has arrested absconding accused Sunder Singh Bhati, a resident of Ghazipur Dairy Farm in Delhi, from the Defence Colony. The directors of the accused company actively induced the complainants on the pretext of high returns by investing their funds into the Hello Taxi scheme run by the alleged company. Further, 92 new Hyundai …

Fraudsters posing as bank officers dupe Rs 11 crore from businessman, 2 held from Delhi
4 years, 11 months ago

Fraudsters posing as bank officers dupe Rs 11 crore from businessman, 2 held from Delhi

India TV News  

A father-son duo from Delhi was arrested by the Ahmedabad police for allegedly extracting Rs 11.06 crore from a city businessman by posing as bank officers and luring him into investing in various schemes and insurance products over three years, said officials on Thursday. In his complaint, apparel trader Prataprai Avtani had alleged he was duped to the tune of …

PMC Bank scam: 12,000-page second charge sheet filed
4 years, 11 months ago

PMC Bank scam: 12,000-page second charge sheet filed

The Hindu  

The Economic Offences Wing of the Mumbai Police on Wednesday filed a second charge sheet into the ₹6,670 crore Punjab and Maharashtra Cooperative Bank fraud case. The charge sheet, which goes beyond 12,000 pages, names seven former directors and auditors, including Rajneet Singh, the son of former Bharatiya Janata Party MLA Sardar Tara Singh. The EOW in its first charge …

PMC Bank scam: Depositors detained for holding protest at HDIL promoters' residence
4 years, 11 months ago

PMC Bank scam: Depositors detained for holding protest at HDIL promoters' residence

India TV News  

Around a dozen depositors of the scam-hit Punjab and Maharashtra Cooperative Bank were detained on Sunday for allegedly trying to stage a protest outside the Khar residence of HDIL promoters Rakesh Wadhawan and his son Sarang, who are accused in the bank fraud case, police said. "Around 12 depositors of the PMC Bank were detained as they tried to hold …

PMC Bank scam: SC stays HC order allowing shifting of HDIL promoters from jail to their residence
4 years, 11 months ago

PMC Bank scam: SC stays HC order allowing shifting of HDIL promoters from jail to their residence

India TV News  

The Supreme Court 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 Bank scam, from Mumbai's Arthur Road Jail to their residence. The law officer said the other aspects of the high court order such as sale of assets of the accused promoters …

PMC Bank scam: SC stays Bombay High Court order allowing shifting of HDIL promoters from jail to residence
4 years, 11 months ago

PMC Bank scam: SC stays Bombay High Court order allowing shifting of HDIL promoters from jail to residence

Firstpost  

New Delhi: 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 Bank scam case, from Mumbai’s Arthur Road Jail to their residence. ED says need continued custody of HDIL promoters, relief given by HC will hurt the probe pic.twitter.com/ilVSm9DXAO …

PMC Bank scam: EOW may file its first chargesheet against promoters of HDIL today; Wadhawans booked under PMLA in over Rs 6,300 cr fraud
5 years ago

PMC Bank scam: EOW may file its first chargesheet against promoters of HDIL today; Wadhawans booked under PMLA in over Rs 6,300 cr fraud

Firstpost  

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 After the Enforcement Directorate filed a chargesheet on 16 December against Housing Development Infrastructure Ltd promoters Rakesh Wadhawan and Sarang Wadhawan in connection with the multi-crore Punjab and Maharashtra Cooperative Bank scam …

PMC Bank scam: Nearly 78% depositors can withdraw entire deposits, says govt; efforts underway to repay customers money
5 years, 1 month ago

PMC Bank scam: Nearly 78% depositors can withdraw entire deposits, says govt; efforts underway to repay customers money

Firstpost  

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. New Delhi: Nearly 78 percent depositors of the scam-hit PMC Bank have been allowed to withdraw their entire deposits even though the ceiling of …

SC notice to IPS officer Rajeev Kumar on CBI's appeal challenging his anticipatory bail
5 years, 1 month ago

SC notice to IPS officer Rajeev Kumar on CBI's appeal challenging his anticipatory bail

India TV News  

The Supreme Court on Friday sought a response from West Bengal cadre IPS officer Rajeev Kumar on CBI's appeal challenging the anticipatory bail granted to him in the multi-crore Saradha chit fund scam case. The CBI had approached the apex court challenging the anticipatory bail granted to Kumar in connection with the multi-crore-rupee Saradha chit fund scam. Kumar was part …

PMC bank scam: Rajneet Singh, former director and son of ex-BJP MLA Sardar Tara Singh, arrested by Mumbai Police
5 years, 1 month ago

PMC bank scam: Rajneet Singh, former director and son of ex-BJP MLA Sardar Tara Singh, arrested by Mumbai Police

Firstpost  

Besides being a director, Rajneet Singh is a member of the loan recovery committee of the Punjab and Maharashtra Cooperative Bank Mumbai: One of the directors of the scam-hit Punjab and Maharashtra Cooperative Bank, Rajneet Singh, son of ex-Bharatiya Janata Party MLA Sardar Tara Singh, was on Saturday arrested by the Mumbai Police’s Economic Offences Wing, an official said. Rajneet …

Betrayed by a bank: How the collapse of Punjab and Maharashtra Cooperative Bank left thousands in distress
5 years, 1 month ago

Betrayed by a bank: How the collapse of Punjab and Maharashtra Cooperative Bank left thousands in distress

The Hindu  

It was late September when Andrew Lobo, 71, was brought home from a hospital in Mumbai after undergoing treatment for lung infection. Addressing a press conference soon after the RBI barred the bank from carrying out its routine transactions, the suspended Managing Director of PMC Bank, Joy Thomas, admitted that ₹2,500 crore of exposure to the Housing Development and Infrastructure …

PMC Bank scam: Arrested auditors to be produced before court today
5 years, 1 month ago

PMC Bank scam: Arrested auditors to be produced before court today

Live Mint  

Mumbai: The economic offence wing of Mumbai Police will on Tuesday produce two auditors who were arrested for deliberately overlooking irregularities in Punjab and Maharashtra Cooperative Bank before a local court. The police arrested the auditors identified as Jayesh Sanghani and Ketan Lakdawala as a part of its investigation into ₹4,355 crore PMC Bank scam. It asked the bank not …

PMC Bank: two auditors held
5 years, 1 month ago

PMC Bank: two auditors held

The Hindu  

The Economic Offences Wing of the Mumbai Police on Monday arrested two independent auditors in connection with its investigation into the multi-crore Punjab and Maharashtra Cooperative Bank fraud. The police said both the accused were hired by the bank to conduct independent audits of the bank’s finances. Many of the investors wanted to know why the auditors had not been …

PMC Bank scam: Economic Offences Wing arrests two auditors
5 years, 1 month ago

PMC Bank scam: Economic Offences Wing arrests two auditors

India TV News  

Two auditors were arrested on Monday night in connection with the Rs 4,355-crore alleged Punjab and Maharashtra Cooperative Bank scam by the Economic Offences Wing 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 …

PMC Bank crisis: Depositors of scam-hit bank meet Mumbai police chief
5 years, 1 month ago

PMC Bank crisis: Depositors of scam-hit bank meet Mumbai police chief

India TV News  

Around 400 depositors of fraud-hit Punjab & Maharashtra Co-operative Bank on Monday met Mumbai Police Commissioner Sanjay Barve and briefed him about problems being faced by them after the RBI put certain restrictions on the troubled lender. According to Harbans Singh, one of the PMC Bank depositors who met Barve, the meeting lasted for around two hours. "In the meeting, …

EOW arrests two auditors in connection with PMC Bank scam
5 years, 1 month ago

EOW arrests two auditors in connection with PMC Bank scam

Live Mint  

Mumbai: The Mumbai Police’s Economic Offences Wing on Monday late evening arrested two auditors in connection with the ₹4,355.43-crore Punjab and Maharashtra Co-operative Bank Ltd fraud. In a press statement, the Mumbai police also said that during the course of investigations the auditors association with the real estate firm Housing Development and Infrastructure Ltd or HDIL had also come to …

PMC Bank scam: RBI governor Shaktikanta Das says closely monitoring situation, forensic audit underway
5 years, 2 months ago

PMC Bank scam: RBI governor Shaktikanta Das says closely monitoring situation, forensic audit underway

Firstpost  

New Delhi: The Reserve Bank is closely monitoring the situation at scam-hit PMC Bank and a forensic audit is underway, Governor Shaktikanta Das said on Thursday, amid persisting uncertainty over depositors’ funds. Besides, he said an agency has been appointed to assess the realisable value of the bank’s assets spread across various states for monetisation. Punjab & Maharashtra Cooperative Bank, …

PMC Bank scam: Depositors gather outside RBI Delhi office, demand assurance on return of their savings
5 years, 2 months ago

PMC Bank scam: Depositors gather outside RBI Delhi office, demand assurance on return of their savings

Firstpost  

A group of distressed PMC depositors gathered outside the Reserve Bank of India 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 New Delhi: A group of distressed PMC depositors gathered outside the Reserve Bank of India office here on Wednesday, seeking …

PMC Bank scam: HDIL promoters diverted Rs 160-cr loan to three Delhi-based hotels, reveals ED probe
5 years, 2 months ago

PMC Bank scam: HDIL promoters diverted Rs 160-cr loan to three Delhi-based hotels, reveals ED probe

Firstpost  

The EOW has arrested five persons in the Rs 4,355-crore PMC Bank scam, including HDIL’s Wadhawans and the bank’s former chairman Waryam Singh and former managing director Joy Thomas. Corroborating the previous allegations of fund diversion, the Enforcement Directorate’s investigation reportedly found that the promoters of Housing Development Infrastructure, Rakesh Wadhawan and Sarang Wadhawan, allegedly diverted loan worth Rs 160 …

PMC Bank scam: Court extends HDIL promoters Rakesh Wadhawan, son Sarang's ED custody till 24 October
5 years, 2 months ago

PMC Bank scam: Court extends HDIL promoters Rakesh Wadhawan, son Sarang's ED custody till 24 October

Firstpost  

A Mumbai court on Tuesday extended the ED custody of HDIL promoters Rakesh Wadhawan and his son Sarang Wadhawan, arrested in connection with Rs 4,355 crore Punjab and Maharashtra Cooperative Bank scam, till 24 October A Mumbai court on Tuesday extended the ED custody of HDIL promoters Rakesh Wadhawan and his son Sarang Wadhawan, arrested in connection with Rs 4,355 …

PMC Bank scam: EOW summons former director for interrogation, seeks details on lender's loan disbursement process
5 years, 2 months ago

PMC Bank scam: EOW summons former director for interrogation, seeks details on lender's loan disbursement process

Firstpost  

Arora was a director of the PMC Bank and was also on its loan committee, an official said. Mumbai: The Economic Offences Wing of Mumbai Police on Wednesday called Surjit Singh Arora, one of the former directors of the scam-hit Punjab & Maharashtra Cooperative Bank, for questioning. “We are trying to get certain details about the bank’s loan disbursement process,” …

PMC Bank scam: Will not spare anyone, Mumbai Police chief tells protesters
5 years, 2 months ago

PMC Bank scam: Will not spare anyone, Mumbai Police chief tells protesters

India Today  

Mumbai Police Commissioner Sanjay Barve has assured the depositors affected by the Punjab and Maharashtra Cooperative Bank scam that the police will not spare anyone found guilty in the case. Barve said the police will try to get the money back and complete investigation in the PMC Bank case in 90 days. Barve said he was also a banker while …

PMC Bank Crisis: Former chairman, HDIL directors sent to police custody till October 16
5 years, 2 months ago

PMC Bank Crisis: Former chairman, HDIL directors sent to police custody till October 16

India TV News  

Mumbai's Esplanade court on Monday extended the police custody of former PMC Bank chairman and Housing Development and Infrastructure Limited directors, till October 16. HDIL directors Rakesh Wadhawan and Sarang Wadhwan's police custody was extended again along with former PMC Bank chairman Waryam Singh by Mumbai's Esplanade court. The defence counsel also mentioned that a list of all the properties …

Lesson from PMC Bank scam: Forensic, active supervision needed; RBI and govt must work to help whistleblowers, protect depositors
5 years, 2 months ago

Lesson from PMC Bank scam: Forensic, active supervision needed; RBI and govt must work to help whistleblowers, protect depositors

Firstpost  

The PMC Bank episode compares in scale with the Rs 7,855-crore Satyam Computer Services scandal, which has been dubbed as India’s biggest accounting fraud. Industrialist-banker nexus The PMC Bank episode compares in scale with the Rs 7,855-crore Satyam Computer Services scandal, which has been dubbed as India’s biggest accounting fraud. Besides PMC Bank, 12 other co-operative banks are also under …

PMC Bank scam: Finance Minister Nirmala Sitharaman faces protesters; promises legislation
5 years, 3 months ago

PMC Bank scam: Finance Minister Nirmala Sitharaman faces protesters; promises legislation

Firstpost  

Finance Minister Nirmala Sitharaman on Thursday faced irate depositors of Punjab and Maharashtra Co-operative Bank, and promised to bring in legislative changes for upholding of their interests Mumbai: Finance Minister Nirmala Sitharaman on Thursday faced irate depositors of Punjab and Maharashtra Co-operative Bank, and promised to bring in legislative changes for upholding of their interests. The depositors had gathered outside …

PMC Bank scam: Police custody of former chairman Waryam Singh, Wadhawans of HDIL extended till 14 October
5 years, 3 months ago

PMC Bank scam: Police custody of former chairman Waryam Singh, Wadhawans of HDIL extended till 14 October

Firstpost  

A court on Wednesday extended till October 14 the police custody of a former chairman of the Punjab and Maharashtra Cooperative Bank and two directors of HDIL, arrested in connection with the alleged Rs 4,355 crore scam at the bank Mumbai: A court here on Wednesday extended till 14 October the police custody of a former chairman of the Punjab …

PMC Bank case: Former chairman, HDIL directors sent to police custody till 14th October
5 years, 3 months ago

PMC Bank case: Former chairman, HDIL directors sent to police custody till 14th October

Live Mint  

Mumbai: Mumbai's Esplanade Court has sent former chairman of the Punjab and Maharashtra Co-operative Bank, Waryam Singh and Housing Development Infrastructure Limited directors, Sarang Wadhawan and Rakesh Wadhwan, to police custody till October 14. Scores of PMC Bank account holders on Wednesday staged a protest in front of the Esplanade Court in Mumbai. We want them to get jail and …

PMC Bank fraud: Police likely to probe HDIL auditors soon
5 years, 3 months ago

PMC Bank fraud: Police likely to probe HDIL auditors soon

India Today  

The Economic Offences Wing of the Mumbai Police is likely to investigate auditors of defunct Housing Development and Infrastructure Limited in connection with the Rs 4,300 crore Punjab and Maharashtra Co-operative Bank Ltd fraud. Auditors of PMC Bank will also be scrutinised as they did not classify loans to HDIL as non-performing assets despite multiple payment defaults on the defunct …

PMC Bank Chairman Waryam Singh sent to police custody till October 9
5 years, 3 months ago

PMC Bank Chairman Waryam Singh sent to police custody till October 9

India TV News  

A Mumbai Court on Sunday remanded to police custody till October 9 the former Chairman of the crisis-hit Punjab & Maharashtra Cooperative Bank Ltd., S. Waryam Singh, officials said. The 68-year old Singh was missing since the irregularities in the PMC Bank tumbled out two weeks ago, and was traced to a location in Mahim where he was in hiding …

PMC Bank scam: Ex-chairman Waryam Singh sent to police custody till Oct 9
5 years, 3 months ago

PMC Bank scam: Ex-chairman Waryam Singh sent to police custody till Oct 9

India Today  

Ex-Chairman of Punjab and Maharashtra Cooperative Bank, Waryam Singh has been sent to police custody till October 9. Waryam Singh, 68, missing since the irregularities in the PMC Bank tumbled out two weeks ago, was traced to a location in Mahim where he was in hiding and picked up on Saturday, a Mumbai Police spokesperson said. As he was presented …

Fourth arrest in PMC Bank case, ex-chairman Waryam Singh held
5 years, 3 months ago

Fourth arrest in PMC Bank case, ex-chairman Waryam Singh held

Live Mint  

Mumbai: Waryam Singh, former chairman of Punjab and Maharashtra Cooperative Bank, was arrested by the Economic Offences Wing of Mumbai Police on Saturday in connection with the alleged ₹4,355 crore scam at the bank. The EOW has already arrested former managing director of the bank Joy Thomas, and promoters of HDIL group Rakesh and Sarang Wadhawan in the case. Waryam …

PMC Bank Chairman Waryam Singh arrested by Mumbai Police
5 years, 3 months ago

PMC Bank Chairman Waryam Singh arrested by Mumbai Police

India TV News  

The absconding Chairman of the crisis-hit Punjab & Maharashtra Cooperative Bank Ltd, S. Waryam Singh, has been nabbed by the Economic Offences Wing of Mumbai Police, an official said here on Saturday. Waryam Singh, 68, who was missing since the irregularities in the PMC Bank tumbled out two weeks ago, was traced to a location in Mahim where he was …

PMC Bank's ex-MD Joy Thomas being made scapegoat in fraud case, claims his lawyer
5 years, 3 months ago

PMC Bank's ex-MD Joy Thomas being made scapegoat in fraud case, claims his lawyer

India Today  

Former Managing Director of Punjab and Maharashtra Cooperative Bank, Joy Thomas, arrested in connection with the alleged Rs 4,355 crore scam at the bank, was on Saturday remanded in police custody till October 17. His lawyer Rakesh Singh argued that Joy Thomas was just an employee of the bank and not a decision-maker and was being made a scapegoat as …

Former MD of PMC Bank sent to police custody till October 17
5 years, 3 months ago

Former MD of PMC Bank sent to police custody till October 17

India Today  

Former Managing Director of Punjab and Maharashtra Cooperative Bank has been sent to police custody for 12 days till October 17 after he was produced in the Mumbai magistrate court on Saturday in connection with the bank fraud case. Joy Thomas, the former managing director of PMC Bank, was arrested by SIT of Mumbai Police's Economic Offences Wing on Friday …

PMC Bank’s MD arrested from Mumbai, search for former chairman is still on
5 years, 3 months ago

PMC Bank’s MD arrested from Mumbai, search for former chairman is still on

Hindustan Times  

The now-suspended managing director of the crisis-hit Punjab and Maharashtra Cooperative Bank, Joy Thomas, was placed under arrest by Mumbai Police’s Economic Offences Wing on Friday evening. HT Image Thomas and former PMC Bank chairperson Waryam Singh were named among the accused in the first information report filed earlier in the week in the case of financial irregularities at PMC …

PMC Bank scam: Economic offences wing arrests former MD Joy Thomas in connection with alleged Rs 4,355 cr scam
5 years, 3 months ago

PMC Bank scam: Economic offences wing arrests former MD Joy Thomas in connection with alleged Rs 4,355 cr scam

Firstpost  

The Mumbai Police arrested Punjab Maharashtra Co-operative Bank’s former managing director Joy Thomas on Friday. He was arrested by the Economic Offences Wing in connection with the alleged Rs 4,355 crore scam at the PMC Bank. The bank’s former chairman Waryam Singh, managing director Joy Thomas and other senior officials, along with HDIL director Rakesh Wadhawan have been named in …

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