The former chairman of PMC Bank, who was arrested Saturday after absconding for days, was produced before the Killa Court on Sunday. It granted EOW his custody till October 9 for further investigation. However, Wariyam Singh's lawyer told the court, that his client was on his way to surrender before the investigating agency. He claimed he had written a letter in advance to the agency about the same, but it was wrongly portrayed that he was arrested. His lawyer also claims that Singh was a titular chairman, all decisions were taken by former Managing Director Joy Thomas.

According to the Economic Offences Wing (EOW), Singh played an important role in the fraud, as he was not only the PMC Bank chairman but also an HDIL executive director at the same time. "His confrontation with the accused is very crucial to understand the entire fraud. How the money was transferred and went unnoticed by the concerned authorities," said an officer.