ED Attaches Pune Mall Shops Worth Rs 130 Mn
ECONOMY & POLICY

ED Attaches Pune Mall Shops Worth Rs 130 Mn

In a significant development related to the PMC Bank case, the Enforcement Directorate (ED) has attached shops in a Pune mall, collectively valued at more than Rs 130 Mn. This move is part of the ongoing investigation into financial irregularities involving PMC Bank.

The attachment of these commercial properties is a strategic step by the ED in connection to the alleged financial discrepancies associated with PMC Bank. The value of the attached shops underscores the scale of the financial implications involved in the case, and this action is expected to have repercussions on the broader investigation.

As authorities continue their efforts to untangle the complex web of financial transactions and irregularities, the attachment of assets, particularly in a commercial hub like Pune, highlights the seriousness with which regulatory bodies are addressing financial misconduct. The move serves as a deterrent and reinforces the commitment to hold those responsible for financial improprieties accountable.

The unfolding events in the PMC Bank case underscore the need for enhanced regulatory measures to safeguard the interests of depositors and maintain the integrity of the banking system. The attachment of valuable assets is a tangible step towards recovering funds and ensuring that the financial system operates within a framework of transparency and accountability.

In a significant development related to the PMC Bank case, the Enforcement Directorate (ED) has attached shops in a Pune mall, collectively valued at more than Rs 130 Mn. This move is part of the ongoing investigation into financial irregularities involving PMC Bank. The attachment of these commercial properties is a strategic step by the ED in connection to the alleged financial discrepancies associated with PMC Bank. The value of the attached shops underscores the scale of the financial implications involved in the case, and this action is expected to have repercussions on the broader investigation. As authorities continue their efforts to untangle the complex web of financial transactions and irregularities, the attachment of assets, particularly in a commercial hub like Pune, highlights the seriousness with which regulatory bodies are addressing financial misconduct. The move serves as a deterrent and reinforces the commitment to hold those responsible for financial improprieties accountable. The unfolding events in the PMC Bank case underscore the need for enhanced regulatory measures to safeguard the interests of depositors and maintain the integrity of the banking system. The attachment of valuable assets is a tangible step towards recovering funds and ensuring that the financial system operates within a framework of transparency and accountability.

Next Story
Infrastructure Urban

Aadhaar Authentications Cross 27 Billion in FY25

Aadhaar authentication transactions surged past 27.07 billion in FY 2024–25, including 2.47 billion in March alone, reflecting its growing adoption across sectors such as banking, finance, telecom, and public service delivery. Since its inception, the cumulative number of Aadhaar authentication transactions has exceeded 148 billion.The Unique Identification Authority of India’s (UIDAI) AI/ML-based face authentication technology is also witnessing a sharp rise in usage. In March 2025 alone, over 150 million face authentication transactions were recorded. This biometric modality is now used ..

Next Story
Infrastructure Urban

IEPFA Holds Preparatory Meet for 'Niveshak Shivir' Initiative

The Investor Education and Protection Fund Authority (IEPFA), under the Ministry of Corporate Affairs, Government of India, hosted a preparatory meeting on April 28, 2025, with Nodal Officers from stakeholder companies via video conference. The session, chaired by IEPFA CEO Smt. Anita Shah Akella, focused on finalising operational plans for the upcoming ""Niveshak Shivir"" initiative—a joint effort between IEPFA and the Securities and Exchange Board of India (SEBI).""Niveshak Shivir"" aims to improve investor services and streamline the claims process by reaching out to cities with a high nu..

Next Story
Infrastructure Urban

India, France Sign Deal for 26 Rafale-Marine Jets for Navy

India and France have signed an Inter-Governmental Agreement (IGA) for the acquisition of 26 Rafale-Marine aircraft for the Indian Navy, comprising 22 single-seater and four twin-seater jets. The deal also includes training systems, simulators, associated equipment, weapons, and performance-based logistics, along with additional equipment for the Indian Air Force’s existing Rafale fleet.The IGA was signed by India’s Defence Minister Rajnath Singh and French Minister of Armed Forces Sébastien Lecornu. The agreement, along with supply protocols for aircraft and weapons, was exchanged in the..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?