The Economic Offences Wings (EOW) of the city police on Thursday arrested the directors of the real estate firm, HDIL, in connection with the PMC bank fraud case. The EOW had filed an FIR against HDIL directors Rakesh Kumar Wadhawan and his son Sarang Wadhawan and Punjab Maharashtra Co-operative (PMC) Bank Chairman Wariyam Singh on Monday but Rakesh and Sarang were untraceable since then.

The duo, accused of loan default, appeared before the EOW on Thursday for questioning. Mumbai police spokesperson DCP Pranay Ashok said, "The Wadhawans were arrested because their response to the questions of the Special Investigation Team (SIT) was insufficient." The duo will be produced before the appropriate court on Friday.