Another auditor arrested in PMC Bank scam

Ecomic Offences Wing (EOW) of Mumbai Police has arrested an auditor in connection with alleged Rs 4,355 crore scam at Punjab & Maharashtra Cooperative (PMC) Bank, an official said on Wednesday. This is eighth arrest in case. Anita Kirdat (35), a `concorrent auditor' of bank, was arrested on Tuesday, a senior police official said.

Her responsibility was to ensure a "systematic and timely examination" of bank's financial transactions, he said. Kirdat audited bank's transactions monthly, but allegedly could t or did t point out irregularities in its processes. She was called for questioning and later arrested, official said, ding that she was remanded in EOW custody by a local court till vember 18.

On Monday, EOW h arrested two statutory auditors, Jayesh Sanghani and Ketan Lakdawala, in connection with scam. y are suspected to have played a key role in covering up irregularities in bank. EOW suspects a nexus between some of accused and realty group HDIL, whose mammoth loan defaults are said to have caused a liquidity crisis at bank, leing to appointment of ministrator and restrictions on withdrawal of funds. Earlier, EOW h arrested three top bank officials and two promoters of HDIL -- Rakesh and Sarang Whawan -- in scam.