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Bihar political churn: Will Nitish Kumar end ties with NDA?

Bihar political churn: Will Nitish Kumar end ties with NDA?

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Donald Trump: FBI conducting raid of Mar-a-Lago home in Florida

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Delhi govt defers relaxations in driving test: here's why

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Don't Pay: Find out why 75,000 Brits will stop paying their power bill

PMC bank fraud is pegged at ₹4,355 crore, FIR filed, SIT formed

The Mumbai Police has filed a case against the former bank management and promoters of crisis-hit real estate firm HDIL in the Punjab and Maharashtra Cooperative Bank case.
A special investigation team will now be probing the case. As per initial investigations, the bank's losses since 2008 is pegged at ₹4,355 crores. The bank's former chairman Waryam Singh, managing director Joy Thomas, promoters of HDIL - Sarang Wadhawan and Rakesh Wadhawan, have been named in the FIR. It is alleged that HDIL promoters colluded with the bank management, to draw loans from the bank. Despite non-payment, the bank officials never classified the loans as non-performing advances and intentionally hid the information from the RBI.

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PMC bank fraud is pegged at ₹4,355 crore, FIR filed, SIT formed

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