 "Rakesh Kumar Wadhawan and Sarang Wadhawan")
The economic offences wing (EOW) of the Mumbai police arrested Housing Development & Infrastructure (HDIL) promoter Rakesh Wadhawan and his son Sarang Wadhawan on Thursday in connection with the Punjab and Maharashtra Co-operative (PMC) Bank scam.
The EOW also seized assets worth Rs 3,500 crore of HDIL.
Sources said former PMC Bank managing director Joy Thomas’ accounts had been seized, and the police also searched the residence of S Waryam Singh, the bank’s former chairman, and confiscated one of his demat accounts having investments of Rs 100 crore.
In a press conference, an EOW official said the police were searching
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