Law Kumar Mishra
Patna, February 3
Daljit Singh Bal, Managing Director of superceded Punjab and Maharashtra Co-operative (PMC) Bank, Mumbai was arrested on India-Nepal border on Thursday noon .
He has been kept at Raxaul police station,220kms north from here.
According to the police, Bal who is the main accused in the Rs 4315 crore scam in PMC bank was attempting to cross to Nepal from where he was planning to escape to Canada.
Reserve Bank of India had taken over the board of directors of the bank and put regulatory restrictions after getting reports of major financial irregularities. On November 22 last year, RBI prepared a plan to amalgamate PMC with USFB after closure of business of PMC on September 23, 2019.
Raxaul police said Bal was caught 200 metres away from Nepal border on Bihar administrative territory.
