HDIL promoters remanded to judicial custody
HDIL promoters Rakesh Wadhawan and his son Sarang, arrested in connection with the Rs 4,355-crore PMC Bank scam, were remanded to judicial custody on Thursday by a special court here. The Enforcement Directorate (ED) produced Housing Development Infrastructure Ltd's (HDIL) chairman and managing director Rakesh and his son before special Prevention of Money Laundering Act (PMLA) court judge P Rajvaidya, after their remand ended. The court remanded the duo in judicial custody after the central agency did not seek their further custody. The Wadhawans were arrested last month by Mumbai Police's Economic Offences Wing (EOW).
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