Over 73% of PMC Bank’s loan exposure was to HDIL, the ED probe revealed. HDIL’s Sarang Wadhawan and his father Rakesh Wadhawan are also directors in the firm. The Wadhawans are also accused in the Punjab and Maharashtra Co-operative (PMC) Bank scam case.
Earlier, Pravin Raut was arrested by Economic Offences Wing (EOW) in February this year in connection with alleged irregularities in a redevelopment project allotted by The Maharashtra Housing and Area Development Authority (MHADA).
Sanjay Raut had warned BJP leaders of legal action for linking his family’s name to the Punjab and Maharashtra Co-operative (PMC) Bank, and Housing Development and Infrastructure Limited (HDIL) scams.
Taking to Twitter, Sanjay Raut wrote: “Suddenly many mini lotus are blooming along with godi media after news of my family receiving ED notice was made public. People are aware that how ‘caged parrots’ are being released for political vandetta. My family’s name is mischievously being linked to PMC and HDIL scam. I challenge them to prove it or face legal action. Enough is enough.”
(With inputs from Pratik Salunke)