ED Files Extra Chargesheet on 1,700-Acre PMC-HDIL Lands
MUMBAI: The Enforcement Directorate (ED) has submitted a third supplementary chargesheet in the PMC Bank and Housing Development & Infrastructure Pvt Ltd (PMC-HDIL) loan fraud investigation. This chargesheet pertains to around 1,700 acres of land in the Sindhudurg district, which the agency has already attached and is seeking to have confiscated by the court. In the chargesheet, the ED alleges that Rakesh Wadhawan and Sarang Wadhawan, along with others, misused funds embezzled from PMC Bank to acquire agricultural land in the names of proxies, including their employees. Their intention was to sell this land at a profit for a proposed…