PMC Bank scam: Mumbai Police arrests three directors

The Economic Offences Wing (EOW) of Mumbai Police has arrested three directors of Punjab & Maharashtra Cooperative (PMC) Bank in connection with the ongoing probe into the 4,355 crore rupees scam. It has now taken the number of persons arrested in the case to 12.

The EOW said, Jagdish Mookhey, Mukti Bavisi and Trupti Bane were arrested following extensive interrogation in connection with credit facilities provided by the bank to Housing



Development and Infrastructure Limited (HDIL) and its group companies. Mookhey was a director of the bank and member of its audit committee since 2005, whereas Bavisi was director and member of its loans and advances committee since 2011. Trupti Bane was member of the loan recovery committee for the period between 2010 to 2015, and of loans and advances committee since 2015. The trio will be produced before a Mumbai court today.