Tables turned on foul-mouth Shiv Sena Leader Sanjay Raut when the Enforcement Directorate summoned his wife Varsha Raut to interrogate about the PMC Bank Scam.
ED called for Varsha Raut over a transaction of Rs 50 lakhs with the wife of another PMC Bank accused Pravin Raut. She has been asked to cooperate in the investigation on December 29, 2020. This is the third summon to Varsha Raut after she didn’t respond to the two previous summons. She allegedly took a loan to buy a property in the same transaction.
The Punjab and Maharashtra Cooperative (PMC) Bank was shot to infamy after the Reserve Bank of India launched an investigation in the alleged fraud and misreporting of bad loans around Rs 4355 crores in September 2019.
The Bank officials admitted that they gave the loans to Housing Development Infrastructures Ltd (HDIL) Directors Sarang Wadhawan and Rakesh Kumar Wadhawan despite them defaulting on previously given loan.
In the aftermath, Mumbai Police’s Economic Offence Wing had arrested HDIL Directors Sarang Wadhawan and Rakesh Kumar Wadhawan as well as PMC Bank’s former Managing Director Joy Thomas alias Junaid Khan by a special investigation team in October of 2019. Junaid Khan and his second wife possess 10 properties in Pune.
ED registered a separate case of money laundering and launched a probe in the scam. ED had also impounded movable and immovable assets of HDIL worth Rs 3830 crores.