Wadhawans, Waryam Singh instructed me to hide bad debt, says Joy Thomas

However, when the accused came face to face, they shifted the onus of their acts onto each other, revealed the remand extension application given by the EOW in a Mumbai court on Monday

Joy Thomas, the suspended managing director of Punjab and Maharashtra Co-operative (PMC) Bank, in his interrogation by the Economic Offences Wing (EOW) of Mumbai Police, revealed he was acting on the instructions of Housing Development & Infrastructure (HDIL) promoters Rakesh and Sarang Wadhawan and former PMC Bank chairman S Waryam Singh to hide the bank’s bad debts given to HDIL Group from regulators and falsifying accounts to paint a rosy picture of the bank.

However, when the accused came face to face, they shifted the onus of their acts onto each other, revealed the remand extension application given by the