ED has filed its chargesheet in the money-laundering case in the multi-crore Punjab and Maharashtra Co-operative Bank (PMC) scam. The chargesheet runs into 7,000 pages, reports HT..
ED says the scam involves Rs 6,670 crore and HDIL promoter Rakesh Kumar Wadhawan, his son Sarang, PMC Bank’s former managing director Joy Thomas and ex-chairperson Waryam Singh are accused in the chargesheet.
Informed sources say the bank loans were laundered and the money was spent on buying properties.
