New Delhi, October 14: A Mumbai court on Monday sent former Punjab and Maharashtra Co-operative (PMC) chairman Waryam Singh and HDIL promoters Rakesh Wadhawan and Sarang Wadhawan to police custody in connection with the bank fraud case. PMC Bank Fraud: Suspended MD Joy Thomas Became Junaid Khan as He Converted to Islam to Marry His PA, Co-Owns 10 Properties With Second Wife.

The Esplanade court in Mumbai remanded the trio to police custody till 16th October. Last week, the Mumbai Police had nabbed the Wadhawan duo. PMC Bank Crisis: Joy Thomas, Suspended Bank Chief, Admits to Have Hid Info About Stressed HDIL Accounts From RBI.

According to the police, PMC bank officials gave loans to HDIL between 2008 and 2019 despite no repayment of the previous loans. Joy Thomas, the former managing director of PMC Bank, is already in police custody.