Home »  Topic »  Two PMC directors sent to police custody

Two PMC directors sent to police custody

The Esplanade court on Wednesday sent two directors of Punjab and Maharashtra Cooperative (PMC) Bank to police custody till December 11, in the ₹4,355-crore bank scam.

On Tuesday, the Economic Offences Wing of the Mumbai Police had arrested three PMC directors — Jagdish Mookhey (75), Mukti Bavisi (50) and Trupti Bane (50). However, only Mr. Mookhey and Ms. Bane were produced in court, as Ms. Bavisi had to be taken to hospital for treatment.

The connection

Mr. Mookhey was a member of the bank’s audit committee from 2005 to 2019. Ms. Bane was a part of the recovery committee ...

Read the full text thehindu