Mumbai Police EOW Arrests 3 Former Directors Of Punjab & Maharashtra Co-Operative Bank Ltd After Questioning
By : Legal Era
Update: 2019-12-04 12:39 GMT
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[ By Bobby Anthony ]The Economic Offences Wing (EOW) of the Mumbai Police arrested three former directors -- two of them women -- of the Punjab & Maharashtra Co-operative (PMC) Bank Ltd in connection with the ongoing probe into the Rs 4,355-crore HDIL scam, according to the Mumbai police.The arrested persons have been identified as Jagdish Mookhey, Mukti Bavisi and Trupti Bane who have...
The Economic Offences Wing (EOW) of the Mumbai Police arrested three former directors -- two of them women -- of the Punjab & Maharashtra Co-operative (PMC) Bank Ltd in connection with the ongoing probe into the Rs 4,355-crore HDIL scam, according to the Mumbai police.
The arrested persons have been identified as Jagdish Mookhey, Mukti Bavisi and Trupti Bane who have been produced before the Additional Chief Metropolitan Magistrate, Esplanade Court for custodial remand.
While Mookhey was a member of the Audit Committee from 2005-2020, Bavisi was member of the loans and advances committee for 2011-2020, and Bane was on the recovery committee for 2015-2020.
They were picked up and interrogated with respect to the loans and facilities extended to the HDIL Group and the status of the long-pending recoveries.
However, they failed to give satisfactory replies to the investigators, necessitating their custodial interrogation.