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Complainant writes to CBI, CVC against EOW’s closure of Wadhawan case
Sumit Saha protests EOW's closure report on HDIL cheating case, claiming it's influenced and ignores evidence of criminality in his complaint.
Published on Feb 28, 2025 09:28 AM IST
Rakesh Wadhawan accuses resolution professional of cheating
Rakesh Wadhawan has lodged a complaint regarding the matter with the VB Nagar police, but no FIR has been registered yet, said police
Updated on Sep 11, 2024 07:56 AM IST
BKC police book HDIL, Rakesh Wadhawan in two fresh cases
The Bandra-Kurla Complex police in Mumbai have booked construction company HDIL and its promoter Rakesh Wadhawan in two cases of cheating and criminal conspiracy. The cases involve residents of slum areas who claim they never sold their houses to the developer but documents were presented to the Slum Rehabilitation Authority (SRA) suggesting otherwise. The complainants also allege that the company produced fake witnesses. The police will now investigate the authenticity of the documents.
Updated on Jan 05, 2024 07:16 AM IST
PMC Bank-HDIL loan fraud: Court issues proceedings against MD of Crystal Group of Companies
“Various documents, bank account statements prima facie reflect that Mukesh Doshi was instrumental in paving the way for diverting ₹233 crore from HDIL Group of Companies which were under the control of Rakesh Kumar Wadhawan and Sarang Wadhawan during 2011 to 2012,” the special PMLA judge MG Deshpande said in the order issuing proceedings against Doshi. Issuance of the process marks the beginning of the criminal proceeding
Updated on Jul 02, 2023 12:07 AM IST
HDIL promoters apply for bail, claim they have served half of max sentence
In the plea filed through their lawyer Sagar Shetty, Wadhawans said that they were arrested on October 17, 2019, which means they have spent 1,294 days in prison in connection with the money laundering case registered against them in the Punjab and Maharashtra Co-operative (PMC) Bank fraud case
Updated on May 06, 2023 12:26 AM IST
Patra Chawl: A 4-year fight leads up to homes for many
Stakeholders in some towers at Patra Chawl, who have finally received OCs after years of being trapped in a vortex of bureaucratic chaos, revisit the challenges of putting a roof over their heads
Updated on Apr 15, 2023 12:29 AM IST
Anjana Vaswani
PMLA court grants bail to Rana Kapoor in ₹200-crore loan case
Former Yes Bank CEO Rana Kapoor has been granted bail in a ₹200 crore ($27 million) loan case by a special Prevention of Money Laundering Act court in India. The court said further incarceration without a trial cannot be allowed based on the Central Bureau of Investigation's words that investigation is pending. Kapoor, however, will remain in jail as he is yet to get bail in some other cases registered against him. The Enforcement Directorate is probing money laundering charges against Kapoor in connection with six loans, amounting to ₹200 crore, which Yes Bank had given to HDIL through M/s Mack Star Marketing Private Limited between 2011 and 2016.
Updated on Apr 12, 2023 08:41 PM IST
Charul Shah, Mumbai
RBI extends curbs on PMC till June end
The RBI had imposed restrictions on the multi-state cooperative bank in September 2019 after detecting financial irregularities. The RBI curbed all activities of PMC Bank, and appointed an administrator for the next six months.
Published on Mar 27, 2021 01:13 AM IST
Gopika Gopakumar, Mumbai