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

Designing Tomorrow: Amaravati’s Net Zero Landmark

Amaravati has achieved a defining landmark in India’s sustainable infrastructure journey with the inauguration of the APCRDA Project Office, the nation’s first government building to earn the IGBC Net Zero Energy Rating – Design Stage. Conceptualised by the Andhra Pradesh Capital Region Development Authority (APCRDA) and certified by the Indian Green Building Council (IGBC), the project exemplifies how governance, design and innovation can converge to deliver measurable environmental impact.A vision rooted in sustainabilitySet within a 4.3-acre site along the Seed Access Road in the Amar..

Next Story
Real Estate

Pidilite Elevates Construction with PPS

Pidilite Industries introduced Pidilite Professional Solutions (PPS) — a dedicated vertical for the construction and interiors ecosystem — at ACETECH Bengaluru 2025. Designed to empower architects, developers, contractors, and interior specialists, PPS delivers comprehensive support that extends far beyond products to ensure project excellence from concept to completion. Kavinder Singh, Joint Managing Director, Pidilite Industries, noted, “At Pidilite, we believe in enabling the construction fraternity to build boldly and sustainably. With Pidilite Professional Solutions (PPS),..

Next Story
Infrastructure Transport

Punjab, Centre Fast-Track Rajpura-Mohali Rail Line Development

The central government has fast-tracked the construction of the Rajpura-Mohali rail line to enhance connectivity in Punjab. This ambitious infrastructure project, aimed at improving transportation links between Rajpura and Mohali, has been identified as a key step in fostering regional economic growth. Union Minister for Railways, Ashwini Vaishnaw, announced the project’s acceleration during a recent assessment of the area. The rail line is expected to play a significant role in reducing travel time, promoting industrial growth, and boosting logistics efficiency in the region. The project,..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?