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PMC Bank Case: FIR registered against Ex-MD, chairman, HDIL directors

The FIR mentions that in the period of 2008-2019 the loans granted to HDIL group and others were not paid back

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Account holders outside a PMC Bank branch. Pic/Sameer Markande

Account holders outside a PMC Bank branch. Pic/Sameer Markande

The Economic Offence Wing (EOW) of Mumbai Police on Monday registered a case against PMC bank officials and HDIL promoters under several sections of Indian Penal Code in connection with the PMC bank fraud case. An FIR was registered after the RBI administrator filed an official complaint with the agency.

The acting administrator appointed by RBI approached the EOW in the evening with a complaint against PMC and HDIL. The FIR registered has named, the former managing director of PMC Bank Joy Thomas, Chairman Wariam Singh and other directors of PMC bank, HDIL directors Rakesh and Sarang Wadhawan and other directors of the construction company.

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