Promoters of real estate group HDIL, Rakesh and Sarang Wadhawan, who are the prime accused in the PMC Bank scam, have requested the RBI and investigation agencies to sell off their assets, including a yacht, a Rolls Royce and an aircraft, to pay off the bank’s dues.
The Wadhawans, who were remanded in judicial custody by a court here on Wednesday, in a letter to the Enforcement Directorate, the Union Finance Ministry and the RBI, requested that they be allowed to sell off 18 of their attached assets.
The letter was released by a spokesperson of the Wadhawans. According to the Mumbai Police’s Economic Offences Wing, which first arrested the Wadhawans, the scam at the Punjab & Maharashtra Cooperative Bank is worth Rs 4,355 crore.
The assets listed in the letter include ultra-luxury cars such as a Rolls Royce Phantom, Bentley Continental, a BMW 730 LD, as well as a humble Ambassador, owned by Rakesh Wadhawan.
