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Home Co-op News Snippets

PMC hires consultant to monetize assets

Staff Reporter by Staff Reporter
December 30, 2019
in Co-op News Snippets
0
PMC Bank: Court permits RBI to sell properties of HDIL group
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The RBI-appointed administrator of the scam-hit PMC Bank will soon have a consultant for valuation of two aircraft and a yacht owned by HDIL group firm, reports PTI.

These aircraft and yacht are owned by the main accused in the Rs 6,500-crore scam at the cooperative bank.

Earlier, the court had allowed the bank, to sell these assets. Sources say the assets are likely to be monetized soon.

Tags: BreakingcooperativeHDILPMC Bankrbiscam
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