HDIL promoter Wadhawan’s bail plea rejected in PMC Bank scam

STRAP: Illegalities on account of pressure from HDIL promoters and bank MD, says courtMumbai: While rejecting the bail plea of Housing Development and Infrastructure Limited (HDIL) promoter Sarang Wadhawan, the sessions court has observed that the illegalities and irregularities allegedly committed in the Punjab and Maharashtra Co-operative Bank (PMC Bank) were due to pressure exerted by Sarang Wadhawan, Rakesh Wadhawan and the bank’s then managing director, Joy Thomas

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