HDIL’s father-son honcho duo held in PMC fraud

Rakesh Wadhwan and his son Sarang Wadhwan, directors of Housing Development and Infrastructure Limited (HDIL) have been arrested by the economic offences wing (EOW) of the Mumbai Police in the Rs 4,355 crore Punjab and Maharashtra Cooperative Bank cheating case probe. The accused and their companies didn't pay the loan creating panic among the account holders.

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