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Auditor’s bail plea rejected in PMC bank scam case, Real Estate News, ET RealEstate

Auditor's bail plea rejected in PMC bank scam case, Real Estate News, ET RealEstate
MUMBAI: A special court recently rejected the bail plea of a 48-year-old bank auditor, arrested almost two years back in PMC Bank scam case. HDIL was accused of not repaying loans of Rs 4,335 crore. The court said the fact that the accused was a woman could not be sole grounds to grant bail.

It said Anita Kirdat was an expert in carrying out an audit and she was expected to submit a fair report showing the bank’s financial condition and point out siphoning of loan amount.

“Relying on the audit report, the financial status of the bank is determined, but the applicant deliberately ignored the huge loan amount of HDIL group of companies. She did not point out that fictitious accounts were opened and teh report was submitted with fictitious accounts to RBI. Applicant being key person could have disclosed illegal activities in the bank in advancing the loan,” the court said.

It said her conduct showed her active involvement in the crime. “Huge public money is involved. Nature of offence requires to be considered. Considering role of applicant in commission of crime, applicant is not entitled for bail,” the court said.

Kirdat’s advocate said she was falsely implicated. It was argued that the probe was over and no direct evidence was found against her.


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