The Economic Offences Wing (EOW) of Mumbai Police has arrested an auditor in connection with the alleged Rs 4,355-crore scam at the Punjab & Maharashtra Co-operative (PMC) Bank for reportedly turning a blind eye to irregularities in the bank and stating that it was in proper financial health, an official said Wednesday.
Anita Kirdat (48), a concurrent auditor with PMC Bank, is the eighth person to be arrested in the case. Police had arrested two statutory auditors, Jayesh Sanghani and Ketan Lakdawala, in connection with the scam on Monday. They are suspected to have played a key role in covering up the irregularities in the bank.
Meanwhile, on Wednesday, a magistrate court that is to pass an order on selling the movable assets of HDIL to pay the depositors of the PMC Bank, sought the say of Enforcement Directorate (ED), which is also investigating a case against HDIL, by Saturday.
A police officer said that while the bank had a huge non-performing asset (NPA), as HDIL had failed to repay the loans, the audit reports did not reflect any of these issues faced by th” bank. “During the course of the investigation, it appears that the three auditors, arrested so far, had deliberately concealed these NPA’s. We suspect there may be some pecuniary gains and are waiting for the forensic audit to confirm if there were any funds transferred to their “ccount,” an officer said.
Kirdat, a Bhandup resident, who had served as the concurrent auditor for PMC Bank from 2005 to 2019, was arrested on Tuesday, police said. She was produced before the court and remanded in police custody till November 19, an officer said.