PMC BANK FRAUD
Forensic audit on PMC scam expected by month-end: Shaktikanta Das
"There is a forensic audit underway. We will get the report by the end of this month. Assessment of the realisable value of the assets of the bank is also on," Das told reporters after the announcement of the monetary policy.
Police shares findings on PMC’s arrested auditors with ICAI
According to the police, Rakesh and Sarang Wadhawan of real estate firm HDIL, who...
PMC Bank probe finds another ghost account operator
These ‘ghost accounts’ are suspected to have been operated by entities with the knowled...
PMC Bank Fraud: HDIL promoters offer to sell their assets for making payments
HDIL promoters Rakesh and Sarang Wadhawan on Wednesday wrote a letter requesting the agencies to sell off their attached assets at the fair ...
PMC Bank depositors protest outside RBI headquarters
A police personnel says around 100 depositors, including women, raised placards and chanted slogans against PMC Bank and the RBI today during a protest outside the Reserve Bank headquarters in Mumbai demanding the return of their funds.
PMC Bank scam: SC dismisses plea by account holders, asks to move Bombay HC
Supreme Court refuses to entertain petition, filed by some account holders in the PMC Bank, seeking direction to Reserve Bank of India (RBI)...
The biggest lessons for India from the PMC Bank fiasco
HDIL’s hijacking of PMC is just the latest in the subversion of co-op banks by the influential & crooked.
Grant Thornton to investigate Rs 4,355-crore PMC Bank fraud
PMC appointed the forensic auditor at the behest of the Economic Offences Wing (EOW) of the Mumbai police.
PMC showed funds siphoned off by HDIL promoters as loan, shows probe
Entire amount of over Rs 6,500 crore was withdrawn fraudulently using this modus operandi, said sources.
Will discuss PMC Bank issue with PM: Devendra Fadnavis tells depositors
Aggrieved depositors put forth their woes to the CM, who gave them a patient hearing, but said he could not give them any assurance as the model code of conduct was in force.
Assets worth Rs 3,830 crore seized in PMC Bank case: Enforcement Directorate
The agency claimed that the total value of assets identified till now is more than Rs. 3830 Crores and investigations are in progress to identify and locate more of such ‘laundered assets’.
PMC crisis: This tiny bank in Maharashtra is a canary in India’s coalmine
How did PMC’s board, its auditors and the central bank remain clueless for so long?
Scam-hit HDIL appoints Knight Frank to value 40 land assets
While the principal loan on these assets is around Rs 2,200 crore, PMC Bank has been accused of fraudulently extending Rs 4,500 crore to HDIL on the back of security of these properties. Knight Frank will have to submit its report in 7-10 days.
RBI will not let any co-operative bank to collapse: Shaktikanta Das clarifies on rumours
RBI Governor Shaktikanta Das on Friday said one should not use one incident to generalise the situation in the entire co-operative banking s...
PMC Bank crisis 'eye opener', RBI looking into lapses: Anurag Thakur
of the Rs 8,880-crore loan that PMC had, more than Rs 6,500 cr of the assets are with the bankrupt real estate HDIL group only which turned NPA two years back.
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