The Economic Crimes Branch (EOW) of Mumbai Police has arrested Daljit Singh Bal, a former director of PMC Bank in Bihar.
The main accused in the Punjab and Maharashtra Co-operative Bank scandal has been arrested for trying to cross the border into Nepal in Bihar’s East Champaran district. The Economic Crimes Branch (EOW) of Mumbai Police today arrested Daljit Singh Bal, a former director of PMC Bank in Bihar, an official said on Thursday.
Ajay Kumar Pankaj, assistant foreign regional registration officer posted in Raxaul, said on Thursday that Daljit Singh Bal was caught trying to go to Nepal with his wife and son. He was working as a director in the bank at the time of the Rs 4355 crore scandal at PMC.
He said the three were traveling in a car on Wednesday night and a plane ticket from Kathmandu to Canada was also recovered from them.
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An immigration official said he had also obtained a Canadian visa. Immigration officials handed over the three to Raxaul police and informed their opponents in Mumbai.
“We have learned that a team of Mumbai police has arrived here to take Daljit into their custody,” Pankaj said.
Daljit’s name has been mentioned in a case registered by the Economic Crimes Branch of Mumbai Police in 2019. He has been on the run since then and his anticipatory bail application was rejected by the High Court in 2020. This scandal has created a huge financial crisis for this cooperative bank.
The bank has been merged with Unity Small Finance Bank (USFB), according to an RBI notification issued last week.
