Three more arrested in PMC Bank scam

According to the plea, the scam impacted the livelihood of thousands of business owners and individual account-holders, and if Waryam Singh, former chairman of the bank, was given bail without hearing them, it will cause "irreparable" harm to their interests. The bank management also concealed from the regulators' scrutiny huge loan defaults by HDIL group firms.

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