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Updated Jan 23, 2021 | 07:39 IST ED made two high-profile arrests after conducting raids at five locations belonging to office premises of MLA Hirendra Thakur and his company Viva Group PMC Bank case: ED raids premises of MLA Hitendra Thakur’s office, Viva Group | Photo Credit: PTI Mumbai: The Enforcement Directorate (ED) officials, on Friday, arrested two people in connection with the Punjab and Maharashtra Cooperative (PMC) Bank scam case. Madan Gopal Chaturvedi, director of Vasai-Virar-based Viva Group and MD Mehul Thakur were taken into custody after conducted raids were conducted at five places including offices of Bahujan Vikas Aghadi MLA Hirendra Thakur and Viva Group, which is controlled by Thakur s family, for illegal diversion of bank funds . ....
The crisis at PMC Bank first came to light on September 24, 2019, the day the Reserve Bank of India (RBI) placed curbs on the activities of the Mumbai-based bank for six months. The central bank also limited the amount a customer could withdraw from their account during the next six months to Rs 1,000 at first, and later to Rs 25,000.
Founded in 1984, PMC Bank has 137 branches across seven states, 81 of these in Mumbai, Navi Mumbai, Thane and Palghar regions, 10 in Pune and 12 in the rest of Maharashtra. Its customers include small businesses, housing societies and institutions.
According to an FIR filed in the case, HDIL promoters allegedly colluded with the bank management to draw loans from the bank s Bhandup branch. The bank officials did not classify these loans as non-performing advances, despite non-payment. ....
PMC Bank case: ED summons Sanjay Raut s wife for questioning on Dec 29 Sanjay Raut s wife Varsha was first summoned on December 11. This is the third summons issued to her after she skipped the earlier two on health grounds. If a person skips three summons in a row then the ED can take legal and judicial action against the person BusinessToday.In | December 28, 2020 | Updated 09:09 IST The ED issued summons to Shiv Sena MP Sanjay Raut s wife Varsha in the PMC Banck scam case The economic intelligence agency issued summons to Shiv Sena MP Sanjay Raut s wife Varsha in the Punjab and Maharashtra Co-operative (PMC) Bank scam case. ....