© indianexpress.comPMC bank: Wadhawans bail rejected, offence grave says court
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Economic offence is committed with "cool calculations" for personal profit regardless of consequences to community and need to be viewed seriously, observed a court here while refusing bail to HDIL promoters Rakesh and Sarang Wadhawan.
The Wadhawan duo are accused in the multi-crore rupee Punjab & Maharashtra Cooperative (PMC) Bank scam case.
They had sought bail claiming no particular section of banking regulations was violated by them, contending that allegations of misdoings were against PMC officials and not them.