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Enforcement Directorate (ED) has summoned Shiv Sena MP Sanjay Raut’s wife Varsha Raut for questioning in connection with the PMC Bank scam. BJP leader Kirit Somaiya took to his Twitter account and asked Raut that either he or anyone from his family has had any financial transaction with PMC Bank.
In September 2019, the RBI had imposed restrictions on the fraud-hit Punjab and Maharashtra Cooperative (PMC) Bank, including on withdrawals by customers, following a scam. Depositors had held several protests demanding their money back.
Last month, PMC had invited expression of interest (EoI) from potential investors for investment or equity participation in the bank for its reconstruction.
On September 23, 2019, the RBI had superseded the board of PMC and placed it under various regulatory restrictions after detection of certain financial irregularities, hiding and misreporting of loans given to real estate developer HDIL.
