BharatPe may offer to pay back PMC Bank retail depositors in full: report
The BharatPe-Centrum combine is one of the four bidders that have made submissions to the Reserve Bank of India for acquiring PMC Bank. The other bidders include UK s Liberty Group and two independent business houses
BusinessToday.In | January 16, 2021 | Updated 23:17 IST
Digital payments platform BharatPe and financial services firm Centrum are expected to make an aggressive bid for the Punjab and Maharashtra Cooperative Bank (PMC Bank). The joint bid to RBI for the beleaguered urban cooperative lender may reportedly offer to pay back 100 per cent to retail depositors looking to withdraw.
Sanjay Raut and Varsha Raut (file photo)
MUMBAI: Shiv Sena MP Sanjay Raut’s wife Varsha repaid a Rs 55 lakh friendly loan she had taken from a bank scam accused’s wife soon after the Enforcement Directorate summoned her to seek an explanation, sources in the agency said. The interest-free loan was taken a decade ago.
On Monday, she submitted documents to the ED through a relative, showing loan repayment from funds generated from the film ‘Thackeray’ penned by her husband. Varsha was one of the producers of the movie. Sanjay Raut was unavailable for comment.
The ED, investigating money laundering case in the PMC Bank-HDIL loan scam, had issued her four summons from November last year, but she had failed to present herself before the officials. On December 29, she had sought time till January 5. She appeared before the ED on January 4.
Centrum may submit formal bid to acquire PMC Bank next week
BharatPe and Centrum Group are among four groups that have made the submissions to the Reserve Bank of India (RBI) for the acquisition of PMC Bank
BusinessToday.In | January 14, 2021 | Updated 19:04 IST
Last date for submission of EoIs for PMC Bank was December 15, 2020
Financial services firm Centrum Group plans to make a formal bid for the crisis-hit Punjab and Maharashtra Cooperative (PMC) Bank next week. The two-decade old integrated financial services group had submitted an expression of interest (EoI) along with payments company BharatPe in December to collectively take over the Mumbai-headquartered cooperative bank. Both Bharat Pe and Centrum will hold equal stake in PMC Bank if they successfully acquire it.
PMC Bank Fraud Case: ED Again Summons Sanjay Raut s Wife Varsha
Varsha Raut was grilled and her statement recorded under the Prevention of Money Laundering Act (PMLA) by the central probe agency for the first time on January 4. PTI Outlook Web Bureau 2021-01-06T14:56:34+05:30 PMC Bank Fraud Case: ED Again Summons Sanjay Raut s Wife Varsha outlookindia.com 2021-01-06T15:43:55+05:30
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Varsha has been called for a second round of questioning on January 11.
Varsha Raut was grilled and her statement recorded under the Prevention of Money Laundering Act (PMLA) by the central probe agency for the first time on January 4 at its office here.
Updated Jan 06, 2021 | 14:55 IST
Varsha Raut was grilled and her statement recorded under the Prevention of Money Laundering Act (PMLA) by the central probe agency for the first time on January 4. Shiv Sena leader Sanjay Raut | Photo Credit: IANS
Mumbai: The ED has issued fresh summons against Varsha Raut, wife of Shiv Sena leader Sanjay Raut, for a second round of questioning on January 11 in connection with the Rs 4,300 crore PMC Bank money laundering case, official sources said.
Varsha Raut was grilled and her statement recorded under the Prevention of Money Laundering Act (PMLA) by the central probe agency for the first time on January 4 at its office here. The agency wants to question her further and hence she has been summoned to appear on January 11, the sources said.