Mumbai Police arrests former PMC Bank director Rajneet Singh

The Mumbai Economic Offences Wing has arrested Rajneet Singh, a former PMC Bank director and son of former BJP MLA Tara Singh, for alleged involvement in a ₹4,355-crore scam at the bank. Reportedly, nine people including former HDIL promoters Rakesh and Sarang Wadhawan have been arrested in the case. In September, the RBI had dissolved the bank's board of directors.