Page 2 - Economic Offences Wing

PMC Bank scam: Mumbai Police Economic Offences Wing arrests another auditor

The Economic Offences Wing (EOW) of Mumbai Police has arrested an auditor in connection with the alleged Rs 4,355 crore scam at the Punjab & Maharashtra Cooperative (PMC) Bank, an official said on Wednesday. This is the eighth arrest in the case. Anita Kirdat (35), a 'concorrent auditor' of the bank, was arrested on Tuesday, a senior police official said. Her responsibility was to ensure a "systematic and timely examination" of the bank's financial transactions, he said. Kirdat audited the bank's transactions monthly, but allegedly could not or did not point out irregularities in its processes. She was called for questioning and later arrested, the official said, adding that she was remanded in EOW custody by a local court till November 18. On Monday, the EOW had arrested two statutory auditors, Jayesh Sanghani and Ketan Lakdawala, in connection with the scam. They are suspected to have played a key role in covering up the irregularities in the bank. The EOW suspect

EPF scam: UP economic offence wing turns heat on Union Agriculture Secy

What makes matters worse for the top Union government Secretary is the mounting pressure from thousands of state government employees and labour unions to initiate action

PMC Bank scam: Ex-director sent in police custody till October 22

The court also remanded the bank's former managing director Joy Thomas in 14-day judicial custody, after his police remand ended on Thursday

Former MD Joy Thomas arrested as crackdown in PMC Bank scam continues

Joy Thomas was arrested by the Mumbai wing of the Economic Offences Wing after the Reserve Bank of India (RBI) took charge of the bank

EOW arrests another NSEL defaulter

Informed sources said that Saharanpur (Uttar Pradesh) - based Nagpal surrendered before the EOW on Monday following his inability to pay his dues of Rs 34 crore.