The three former directors of the Punjab and Maharashtra Co-operative (PMC) Bank, arrested in the ₹6,670-crore scam, were sent to judicial custody till December 24 by a city magistrate court on Wednesday.
Former directors of the bank, Jagdish Mookhey, Trupti Bane, and Mukti Bavisi, were arrested on December 3 for their alleged involvement in the fraud.
“The probe has not revealed any illegitimate money transactions to these directors’ accounts so far,” an EOW officer, who is part of investigation, said, adding “it is believed they were aware of the illegal activities and deliberately turned a blind eye”.
Investigators are awaiting forensic auditors’ report on PMC Bank as well as HDIL group of companies, before filing a charge sheet in the case by the end of this month.
Stay updated with all the Breaking News and Latest News from Mumbai. Click here for comprehensive coverage of top Cities including Bengaluru, Delhi, Hyderabad, and more across India along with Stay informed on the latest happenings in World News.
Stay updated with all the Breaking News and Latest News from Mumbai. Click here for comprehensive coverage of top Cities including Bengaluru, Delhi, Hyderabad, and more across India along with Stay informed on the latest happenings in World News.