TIL Desk/Business/Mumbai/ A Mumbai court on Tuesday extended till October 24 the police remand of Punjab and Maharashtra Cooperative (PMC) Bank’s former director Surjit Singh Arora, arrested in connection with the multi-crore scam in the bank.
Arora was last week arrested by Mumbai Police’s Economic Offences Wing (EOW) in connection with the alleged Rs 4,355 crore scam. He was produced before metropolitan magistrate S G Shaikh, after his police remand ended on Tuesday. The court extended his police custody till Thursday. Arora is the fifth accused to be arrested in the case.
Besides Arora, the EOW has arrested the bank’s former managing director Joy Thomas, its former chairman Waryam Singh, Housing Development Infrastructure Ltd’s (HDIL) chairman and managing director Rakesh Wadhawan and his son Sarang Wadhawan in connection with the scam.
