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Mumbai Police file FIR against PMC Bank, HDIL officials; SIT formed

As per initial investigations, the bank's losses since 2008 were Rs 4,355.46 crore, police said

PMC Bank
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Press Trust of India Mumbai
The Mumbai Police on Monday filed a case against the former bank management and promoters of HDIL in the Punjab and Maharashtra Cooperative Bank case and said a special investigation team will be probing the case.

Based on a complaint by RBI-appointed administrator, the city police's Economic Offences Wing filed a first information report (FIR) in the case for forgery, cheating and criminal conspiracy against the officials.

As per initial investigations, the bank's losses since 2008 were Rs 4,355.46 crore, police said.

The bank's former chairman Waryam Singh, managing director Joy Thomas and other senior officials, along with the director

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First Published: Sep 30 2019 | 9:29 PM IST

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