PMC Bank scam: Auditor got junkets

Mumbai: The scam-hit Punjab & Maharashtra Cooperative Bank Ltd had allegedly tried to influence its auditors by sending them on junkets to Goa and other places in order to keep them tight-lipped about the murky goings-on in the bank, official sources said here.

The PMC Bank also purchased properties on behalf of Housing Development & Infrastructure Ltd (HDIL), which remained unpaid. It even bought certain properties at inflated rates.

These are some of the startling revelations that figure in the supplementary charge-sheet filed in the case by Mumbai Police’s Economic Offences Wing (EOW), which is probing the matter for the past six months. It added that among the PMC Bank auditors, one Jayesh Sanghani had previously helped the bank in different ways, including preparing financial statements for various projects, and was rewarded with kickbacks and free trips to Goa and other places. (IANS)

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