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PMC bank scam: Auditors appointed on orders of masterminds

EOW tells court, secures custody of Ketan Lakdawala, Javesh Sanghani till Nov 15

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Depositors of the PMC Bank protest against the multi-crore scam. file pic

Depositors of the PMC Bank protest against the multi-crore scam. file pic

The Economic Offences Wing (EOW) of the Mumbai Police on Tuesday secured the custody of two auditors, who conducted audits when the alleged scam was committed at the Punjab & Maharashtra Co-operative Bank. A court has sent Ketan Pravinchand Lakdawala and Javesh Dhirailal Sanghani to EOW's custody till November 15.

During the hearing for custody, the EOW's Special Investigation Team told the court that the duo were associated with the bank for the PMC Bank for the 20 years and were appointed on the orders of the masterminds of the fraud.

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