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Rs.5,500 Crore PMC Bank Scam EXPOSED; RBI reveals modus operandi of scam | Nation Now
Posted
November 20, 2019
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54:44Now PlayingOn Nation Now, RBI reveals how 9 lakh PMC depositors were looted by PMC Bank.
RBI submits an affidavit in Bombay High Court which unveiled the conspiracy that scammed 9 lakh PMC bank depositors.
The affidavit, filed by Rajlaxmi Sethi, Assistant General Manager, Department of Co-operative Bank Supervision, RBI, states that PMC Bank had submitted fraudulently manipulated data to the central bank for sample checks, but "the sample of accounts picked for inspection did not contain undisclosed HDIL accounts."
Detailing the "modus operandi of hiding the information related to HDIL exposure" employed by the PMC Bank, the RBI affidavit said they tampered with Management Information Systems and NPC Identification Process.
#PMCBankScam #pmcbankcrisis #pmcbankvictims
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