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The Economic Offences Wing of the Mumbai Police arrested three former directors - two of them women - of the Punjab & Maharashtra Cooperative Bank Ltd in connection with the ongoing probe into the Rs 4,355-crore HDIL scam, a police official said here on Tuesday.
While Mookhey was a member of the Audit Committee from 2005-2020, Bavisi was member of the loans and advances committee for 2011-2020, and Bane was on the recovery committee for 2015-2020.
They were picked up and interrogated with respect to the loans and facilities extended to the HDIL Group and the status of the long-pending recoveries.
They were subsequently arrested on Tuesday and will be produced before the Additional Chief Metropolitan Magistrate, Esplanade Court for remand, said an official spokesperson of Mumbai Police.
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