PMC Bank scam: ED attaches HDIL group's shares worth Rs 233 crore

The ED has attached partly-paid compulsorily convertible preference shares worth Rs 233 crore of HDIL group companies in the alleged multi-crore-rupee PMC Bank scam.

The Enforcement Directorate (ED) on Thursday said it has attached partly-paid compulsorily convertible preference shares worth Rs 233 crore of Housing Development Infrastructures Limited (HDIL) group companies in the alleged multi-crore-rupee PMC Bank scam. It said "on the strength" of these shares, HDIL had the rights for allotment of under-construction flats measuring 90,250 square feet FSI (floor space index) in Mumbai's Ghatkopar of developer Aryaman Developers Private Limited.