PMC Bank probe finds another ghost account operator

​​These ‘ghost accounts’ are suspected to have been operated by entities with the knowledge of arrested bank officials, sources said. These accounts allegedly belonged to the Abchal Group, loans to which have turned bad, saddling the bank with a Rs 300 crore liability. Not much information seems to be publicly available on the Abchal Group or its promoters.

from Banking/Finance-Industry-Economic Times https://ift.tt/2XIWXzU