ED Freezes Bank Accounts Of Former MD Of PMC Bank

NewsNation 2020-05-11

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Hours after a Mumbai court sent Joy Thomas, former managing director of Punjab and Maharashtra Cooperative (PMC) Bank, to police custody till October 17. Enforcement Directorate (ED) has also frozen his bank accounts and fixed deposits of Rs 10 crore. The agency has also seized the private jet and cars of HDIL promoters.

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