Banwait was a director and member of the bank's Loan, Investment and Executive Committee when the alleged Rs 4,355 crore scam involving Housing Development and Infrastructure Ltd (HDIL) took place, the EOW official added.
Mumbai: Depositors of Punjab and Maharashtra Cooperative (PMC) bank display placards during a protest over the bank’s crisis, outside the Reserve Bank of India building, in Mumbai, Sunday, Oct. 6, 2019. (PTI Photo)
Advertisement
The Economic Offences Wing (EOW) of the Mumbai Police which is investigating alleged scam at the Punjab and Maharashtra Co-operative (PMC) Bank on Thursday arrested three persons including a former director, an official said.
Jasvinder Singh Banwait, Vishwanatha Shridhar Prabhu and Shripad Govind Jere were arrested on Thursday.
You have exhausted your monthly limit of free stories.
Read more stories for free with an Express account.
Banwait was a director and member of the bank’s Loan, Investment and Executive Committee when the alleged Rs 4,355 crore scam involving Housing Development and Infrastructure Ltd (HDIL) took place, the EOW official added.
