Thursday (October 3): Executive chairman of Housing Development and Infrastructure Limited (HDIL) Rakesh Wadhawan, vice chairman and managing director of the company Sarang Wadhawan were arrested today by the Economic Offence Wing (EOW) of Mumbai Police in connection with the collapse of the Punjab and Maharashtra Cooperative Bank (PMC). Properties worth Rs 3,500 crore of … Continue reading HDIL promoters Rakesh & Sarang Wadhawan arrested in connection with PMC bank episode