Tuesday 1 October 2019

PMC scam: 'Used dummy a/cs to hide bad loans'

The Punjab & Maharashtra Co-operative (PMC) Bank was able to dupe regulators about its growing exposure to a single property developer for at least a decade before the firm filed for insolvency, according to a letter penned by the lender’s former managing director.

from Times of India https://ift.tt/2ofeS3d
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