Tag: fraud-hit PMC Bank

Indian police arrest former MD Thomas of fraud-hit PMC Bank

By Parveen Kumar on October 5, 2019 • ( Leave a comment )

NEW DELHI – Indian police on Monday arrested Joy Thomas, the former managing director of Punjab and Maharashtra Co-operative Bank (PMC), which has been accused of creating fictitious accounts to hide loans, a spokesman for Mumbai Police said on Friday. The PMC case has sparked renewed concerns about […]

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