Don’t miss the latest developments in business and finance.

Two HDIL directors held in PMC Bank scam; property attached

Image
Press Trust of India Mumbai
Last Updated : Oct 03 2019 | 6:10 PM IST

Mumbai police on Thursday arrested two directors of the Housing Development Infrastructure Limited (HDIL) in the PMC Bank scam, a senior official said.

Rakesh Wadhawan and his son Sarang Wadhawan, accused of loan default, have been arrested by the Economic Offences Wing (EOW), the official said.

Properties worth Rs 3,500 crore of HDIL have also been frozen by the EOW, he said.

Disclaimer: No Business Standard Journalist was involved in creation of this content

More From This Section

First Published: Oct 03 2019 | 6:10 PM IST

Next Story