Mumbai (Maharashtra), Oct. 18 -- : A special PMLA court here on Friday sent Housing Development and Infrastructure Limited (HDIL) promoters Rakesh and Sarang Wadhwan to Enforcement Directorate (ED) custody till October 22 in connection with the Punjab and Maharashtra Cooperative (PMC) Bank case.
Earlier on Wednesday, former PMC Bank director SS Arora was arrested by the Economic Offences Wing (EOW) of Mumbai Police in the matter.
Last month, the RBI restricted the activities of the PMC Bank for six months and asked it to not grant or renew any loans and advances, make any investment or incur any liability, including borrowing of funds and acceptance of fresh deposits.
The ED has seized and identified movable and immovable assets worth mo...