Former managing director of Punjab and Maharashtra Cooperative (PMC) Bank, Joy Thomas, arrested in connection with the alleged Rs 4,355 crore scam at the bank, was on Saturday remanded in police custody till October 17. His lawyer Rakesh Singh argued that Thomas was just an employee of the bank and not a decision-maker and was being made a scapegoat as the loans turned out to be bad.
from Times of India https://ift.tt/2LOXV9b
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