Page 25 - Mumbai Police

PMC scam: Mumbai police EOW arrests 2 auditors for covering irregularities

Two auditors were arrested on Monday night in connection with the Rs 4,355-crore alleged Punjab and Maharashtra Cooperative (PMC) Bank scam by the Economic Offences Wing (EOW) of the Mumbai Police, an official said. The arrested duo, Jayesh Sanghani and Ketan Lakdawala, had served as statutory auditors when the scam was committed and suspected to have played a key role in covering up the irregularities involving some top officials of the bank, he said. Police had earlier called Sanghani and Lakdawala, the proprietors of Ashok Jayesh & Associates and Lakdawala & co, respectively, for questionning. "They failed to give convincing replies regarding their role as the statutory auditors of the PMC Bank. They were arrested on Monday evening and booked under relevant sections of the Indian Penal Code," he said. Probing the scam, the EOW suspects a nexus between some of the accused and HDIL group companies. According to investigators, a deep-rooted conspiracy caused ...

PMC Bank to be 'up & running' in a month's time: EOW assures Sanjay Nirupam

Congress leader Sanjay Nirupam on Thursday said the Economic Offences Wing (EOW) of Mumbai Police has assured that the scam-hit Punjab and Maharashtra Co-operative (PMC) Bank will be "up and running" in a month's time and its current account transactions will start "soon". Taking to Twitter after a meeting with the EOW officials here, the former MP said the current account transactions at the bank will start "soon". "Good news for #PMCBank depositors! Auction of #HDIL property to take place in few weeks under sarfaesi act. In next one month bank will be up & running. Current account transactions to start soon. #EOW chief Rajyawardhan assured us today in our meeting. #PMCBankScam," Nirupam tweeted. The Congress leader was referring to the Securitisation and Reconstruction of Financial Assets and Enforcement of Securities Interest (Sarfaesi) Act, which allows banks and other financial institutions to auction residential or commercial properties (of defaulters) to ...

Former Mumbai Police Commissioner Datta Padsalgikar appointed deputy NSA

His last posting was deputy Lokayukta for Maharashtra

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

Leaky, dingy, tiny: Why Mumbai cops are not happy with the homes they got

There are not enough houses for India's police personnel and those who do have accommodation are highly dissatisfied with it, said a recent report by the Bureau of Police Research & Development

12 killed as building collapses in Mumbai's Dongri area, 40 feared trapped

The 'Kesarbai' building, located in a bustling narrow lane in Tandel Street of Dongri area of south Mumbai, crashed around 11.40 am

It's an 8-hour work day now: New era dawns for Mumbai police after 154 yrs

He assured that the new duty hours would not, in any manner, compromise on the duties and services of the police to the public

Drones, gliders banned in Mumbai in wake of possible aerial attacks

This ban will remain in place between March 31 and April 29, a police notification said