ED claims that HDIL allegedly siphoned off Rs 160 crore to many companies belonging to Viva Group on garb of commission

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

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

The ED had summoned Varsha Raut in connection with the alleged transfer of funds from the accounts of Pravin Raut, an accused arrested in the Punjab and Maharashtra Cooperative (PMC) Bank fraud case

The RBI-appointed administrator for PMC Bank issued a public notice seeking a bid for Dassault Falcon 200 (VT-HDL) and Challenger 300 (VT-PIL), and one yacht (Ferreti 881 HT) this week

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

The country's premier investigation agency has named Transstroy, its chairman-cum-managing director Cherukuri Sridhar and additional directors Rayapati Sambasiva Rao and Akkineni Satish in the FIR and alleged that loans were misappropriated by the directors

PMC Bank, which has been under RBI direction since September 23, 2019, has received four investment proposals from eligible investors for its reconstruction scheme

Punjab and Maharashtra Cooperative Bank has been put under restrictions, including limiting withdrawals, by the RBI, following the unearthing of a Rs 4,355-crore scam

The exercise is meant to find equity investors willing to take over the management of PMC Bank in order to revive the beleaguered lender and resume its day-to-day operations

PMC Bank's present administrator Jai Bhagwan Bhoria has stepped down on September 22 due to health reasons

Finance Minister Nirmala Sitharaman said the amendments have been brought to completely protect the interest of depositors and will also help a quick recovery in cases of stressed co-operative banks without any moratorium

CBI has named Kwality Ltd's ex-promoter Sanjay Dhingra, and other company executives in the case

Microsoft co-founder Bill Gates in an interview has reiterated his concern for climate change ; In what may come as the most surprising turn of events, the US has said it will ban TikTok and WeChat from the app stores; PMC Bank scam: ED attaches 3 hotels in Delhi worth Rs 100 crore. Watch this and more news on News Blast.

PMC Bank scam: ED attaches 3 hotels in Delhi worth Rs 100 croreThe Enforcement Directorate (ED) on Friday attached three hotels in Delhi valued at around Rs 100 crore under Prevention of Money Laundering Act (PMLA), 2002 in connection with the PMC Bank fraud case. The three hotels that have been attached by the agency belong to the Fab Hotels group and are located in Kailash Colony, East of Kailash and Kalkaji areas of the national capital.Parliament passes bill to cut salary of MPs by 30% ...

The court order means that Harsh Vardhan Lodha ceases to hold all positions in the MP Birla Group, including his role as director on the boards of MP Birla companies, listed entities Vindhya Telelinks Ltd, Birla Cables Ltd and Universal Cables Ltd

The three hotels, that have been attached by the ED, are owned by Libra Realtors Pvt Ltd, Deewan Realtors Pvt Ltd, Rakesh Kumar Wadhawan, Romy Mehra, Libra Hotels Pvt Ltd and its directors

IPS Officer Amitabh Gupta was the principal secretary with the Maharashtra home department when he granted permission to 23 members of the Wadhawan family to travel to Mahableshwar from Mumbai for a \"picnic\" in April

Moving bill in Lok Sabha, Finance Minister Nirmala Sitharaman says government was compelled to come out with an ordinance as condition of cooperative banks is \"grave\"; as many as 277 urban cooperative banks have reported losses in 2018-19 fiscal, she adds

Apart from rise in financial frauds in private companies in India, recent years have also witnessed a rise in the role of shell companies and tax havens in their operations, raising further concerns about illicit operations