PMC Bank: Auditor arrested in scam of over Rs 4000-crore seeks bail

A bank auditor arrested in connection with the over Rs 4000-crore PMC Bank scam moved a bail application in the sessions court

rupee
Indian rupee banknotes
Press Trust of India Mumbai
1 min read Last Updated : Nov 07 2020 | 7:25 PM IST

A bank auditor arrested in

connection with the over Rs 4000-crore PMC Bank scam moved a bail application in the sessions court here on Saturday.

Anita Kirdat (48) was arrested by Economic Offences Wing of Mumbai police in December last year for allegedly failing to detect irregularities committed by Punjab and Maharashtra Cooperative Bank officials despite being its auditor.

In her bail plea filed through advocate Shriganesh Sawalkar, Kirdat claimed she had not committed any crime and had been unnecessarily implicated in the case.

Her plea claimed she was not a direct beneficiary of the scam nor was there any incriminating evidence against her in the police charge sheet.

The PMC Bank fraud came to light in September last year after Reserve Bank of India discovered the former had created fictitious accounts to hide loans of more than Rs 6,700 crore extended to the almost-bankrupt HDIL.

Besides the EOW, the Enforcement Directorate is also probing the case.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

Topics :PMC BankBank scams

First Published: Nov 07 2020 | 7:10 PM IST

Next Story