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HDIL diverted Rs 160 crore from PMC Bank to firm owned by Maharashtra MLA family: ED

HDIL diverted Rs 160 crore from PMC Bank to firm owned by Maharashtra MLA family: ED ED claims that HDIL allegedly siphoned off Rs 160 crore to many companies belonging to Viva Group on garb of commission Munish Chandra Pandey | January 22, 2021 | Updated 23:27 IST HDIL siphoned off Rs 160 crore from PMC Bank The ongoing investigation by Enforcement Directorate (ED) into PMC Bank scam has revealed that the promoters of Housing Development Infrastructures Limited (HDIL) allegedly siphoned off Rs 160 crore to many companies belonging to Viva Group on garb of commission. The financial probe agency claims that source of these funds from HDIL to Viva Group is the illegal fund diversion from PMC Bank.

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