Reportedly the Economic Offences Wing (EOW) of the mumbai Police on Friday arrested Joy Thomas, former Managing Director (MD) of the PMC Bank, in the Rs 4,355 crore cheating case. Hence this is the third arrest since the Punjab Maharashtra Cooperative (PMC) Bank scam came to light.
Previously Housing Development Infrastructure Limited (HDIL) chairman and MD Rakesh Wadhawan and his son Sarang were sent to police custody till October 9 in the PMB Bank scam. Meanwhile the Wadhawan father-son duo was arrested by the Special Investigation Team (SIT) of the Economic Offences Wing (EOW) of mumbai Police on Thursday and the two were produced before a local court on Friday.
Furthermore, investigative agency Enforcement Directorate (ED) on Friday conducted searches at six locations in mumbai in connection with the PMC Bank fraud. Moreover the agency also registered an Enforcement Case Information Report (ECIR) against bank officials on the basis of FIR filed by the mumbai Police.
