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PMC Bank fraud case: Bombay High Court rejects Rakesh Wadhawan's medical bail plea
Updated On: 14 October, 2021 05:04 PM IST | Mumbai | PTI
Wadhawan, the founder of Housing Development Infrastructure Limited (HDIL), was arrested by the Enforcement Directorate in 2019 in the case. A single bench presided over by Justice Nitin Sambre said that Wadhawan's submission that he was immediately required to be released on temporary bail on medical ground, was 'not justified'

Rakesh Wadhawan. File Pic
The Bombay High Court has refused to grant bail on health grounds to jailed businessman Rakesh Wadhawan, accused of money laundering in the multi-crore Punjab and Maharashtra Co-operative (PMC) Bank fraud case.
Wadhawan, the founder of Housing Development Infrastructure Limited (HDIL), was arrested by the Enforcement Directorate in 2019 in the case. A single bench presided over by Justice Nitin Sambre said that Wadhawan's submission that he was immediately required to be released on temporary bail on medical ground, was "not justified".
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