PMC Bank scam

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Oct 16, 2019, 20:32 PM IST

Former Punjab and Maharashtra Cooperative Bank director Surjit Singh Arora arrested by Mumbai Police

Surjit Singh Arora is the owner of Mini Punjab and he was associated with PMC Bank for over 10 years. 

Oct 16, 2019, 20:05 PM IST

PMC Bank case: Waryam Singh, Rakesh and Sarang Wadhawan's police custody extended till October 23

Hundreds of PMC Bank account holders staged a protest in front of Mumbai's Esplanade Court where the trio was produced as their police custody ended on Wednesday, and demanded that their money be returned at the earliest. Protestors also observed a two-minutes silence expressing grief over the death of two PMC bank account holders on Tuesday. 

Oct 16, 2019, 12:30 PM IST

19 Ki 19 Kahaniyaan: Watch Top 19 stories of the day

Watch Top 19 stories of the day

Oct 15, 2019, 19:22 PM IST

PMC Bank Scam: Sanjay Gulati, a PMC bank depositor passed away

Sanjay Gulati, Account holder at the PMC bank, who had over 90 lakh deposited, died in Mumbai.

Oct 15, 2019, 13:06 PM IST

Unable to withdraw money, PMC Bank customer suffers cardiac arrest and dies

The deceased, Sanjay Gulati was under a lot of stress after the Punjab and Maharashtra Cooperative (PMC) Bank scam came to light, according to his family members. He was listed as a large depositor with the bank and had almost Rs 80 lakh in four accounts.

Oct 15, 2019, 11:30 AM IST

PMC Bank scam: Ex-chairman Wariyam Singh owns properties worth several crores

Former chairman of PMC Bank Wariyam Singh, who is currently in police custody, has bought a plot of land worth Rs 2,500 in Mumbai's posh Juhu area using depositor's money.

Oct 14, 2019, 23:08 PM IST

Punjab and Maharashtra Co-operative Bank customers will not face any loss, reassures Finance Minister Nirmala Sitharaman

Finance Minister Nirmala Sitharaman said that the Reserve Bank of India (RBI) has repeatedly assured her that it will keep the interest of PMC Bank customers in mind and resolve the ongoing crisis as soon as possible. 

Oct 14, 2019, 16:14 PM IST

PMC bank scam: Ex-chairman, HDIL directors sent to police custody till Oct 16 amid protest by depositors

A number of PMC bank depositors today staged a protest as a Mumbai court extended custody of three accused in the bank fraud case. 

Oct 14, 2019, 15:08 PM IST

DNA: Your hard earned income isn't safe anymore; Teaches PMC bank scam

Former chairman of PMC Bank Waryam Singh sent to police custody till October 14. They will be further interrogated by the Mumbai Police in relation to the Rs 4,355-crore fraud at the bank.

Oct 10, 2019, 23:16 PM IST

Government has nothing to do with PMC bank scam, RBI will take action: FM Nirmala Sitharaman

The FM, however, assured that the Reserve Bank of India will take appropriate action against those found guilty in the PMC bank scam.

Oct 10, 2019, 13:42 PM IST

PMC Bank scam: ED unearths posh houses ‘gifted’ to politicians by HDIL owners

Sources told Zee Media that during the searches the ED found that the owners of Housing Development and Infrastructure Ltd (HDIL) gifted a number of houses to politicians in some posh areas of Maharashtra.

Oct 07, 2019, 18:12 PM IST

PMC bank scam: Joy Thomas sent to police custody till October 17

A local court here sent Joy Thomas, the suspended Managing Director of the Punjab and Maharashtra Co-operative (PMC) Bank, to police custody till October 17 on Saturday.

Oct 05, 2019, 15:37 PM IST

PMC bank scam: ED seizes 12 high-end cars of HDIL owners

The Enforcement Directorate (ED) has seized 12 high-end cars which include two Rolls Royce, two Range Rover, and one Bentley, of Housing Development and Infrastructure Limited (HDIL) chairman Rakesh Wadhawan and his son Sarang Wadhawan on Friday following raids at six locations in Mumbai.

Oct 04, 2019, 23:21 PM IST

Joy Thomas, former MD of PMC bank, arrested by Mumbai Police's Economic Offence Wing

The Mumbai Police's Economic Offence Wing (EOW) on Friday arrested Joy Thomas, the former managing director (MD) of the Punjab and Maharashtra Cooperative (PMC) Bank, in the ongoing scam case. On September 28, the suspended MD had admitted that the bank did not report the financial exposure to the Reserve Bank of India (RBI) for over six years. 

Oct 04, 2019, 18:58 PM IST