 "Rakesh Wadhawan, promoters of Housing Development Infrastructure Ltd, and Waryam Singh, EX-Chairman, PMC Bank being produced in court in Mumbai in connection with the PMC Bank case in Mumbai on Wednesday, 9th Oct, 2019.- KAMLESH PEDNEKAR.")
Promoters of real estate group HDIL, Rakesh and Sarang Wadhawan, who are the prime accused in the PMC Bank scam, have requested the RBI and investigation agencies to sell off their assets, including a yacht, a Rolls Royce and an aircraft, to pay off the bank's dues.
The Wadhawans, in a letter to the Enforcement Directorate, the Union finance ministry and the RBI, requested that they be allowed to sell off 18 of their attached assets. The letter was released by a spokesperson of the Wadhawans.
Will safeguard depositors’ interests: PMC brass assures RBI guv
Earlier in the day, the bank’s administrator and
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