PMC Bank Chairman Nabbed In Mumbai

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Mumbai: Punjab & Maharashtra Cooperative (PMC) Bank Ltd, Chairman, S Waryam Singh, who was absconding after crisis-hit PMC bank,  has been nabbed by the Economic Offences Wing of Mumbai Police on Saturday.

As per reports, Singh who was absconding for the past two weeks was traced from Mahim area in Mumbai.

As per police sources, he will be interrogated for his prima facie involvement in the alleged Rs 4,335 crore fraud case concerning the Housing Development & Infrastructure Ltd (HDIL).

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