The forensic audit report of Punjab and Maharashtra Cooperative Bank (PMC Bank) has brought to the fore the rampant loan violations done by senior bank officials. As per the report, former MD Joy Thomas provided cash facilities to HDIL at PMC bank. The report states that the Wadhwans of Housing Development Infrastructure Ltd (HDIL) had taken Rs 13 crore cash from the bank out of which only Rs 3 crore were returned.

"The Rs 10 crore amount will now be included in the total amount of the fraud with interest," an EOW officer said on the condition of anonymity. "The forensic audit report shows cash transactions of Rs 13 crores towards Wadhwans by just taking cheques which were never processed. A total of 22 cheques issued by Wadhwans to PMC bank have been recovered," the officer said.