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Mumbai: Sarang Wadhawan denied bail in PMC bank fraud case

Observing that depositors and accounts holders of the Punjab and Maharashtra Cooperative Bank (PMC) suffered unbearable financial and mental agony which has to be considered sensitively, a sessions court has denied bail to Sarang Wadhawan, who was at the helm of Housing Development and Infrastructure Ltd. (HDIL) - the bankโ€™s biggest borrower.
Sarang Wadhawan Rakesh Wadhawan Joy Thomas Waryam Singh Infrastructure Ltd Housing Development

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