Mumbai, Oct. 17 -- The Enforcement Directorate (ED) on Wednesday obtained permission to take custody of Rakesh Kumar Wadhawan and Sarang Wadhawan who were arrested earlier this month for their involvement in the Rs.4,335-crore fraud at Punjab and Maharashtra Cooperative (PMC) Bank. The two promoters of Housing Development Infrastructure Limited (HDIL), currently in judicial custody, may be produced in court this week.

A special Prevention of Money Laundering Act (PMLA) court gave permission to the ED to arrest the Wadhawans who had previously been arrested by the economic offences wing (EOW) of Mumbai Police. The Wadhawans were remanded in judicial custody on Wednesday morning and in the evening, ED officials approached the court with thei...