India, Nov. 11 -- The Bhandup police have registered a fresh cheating case against Joy Thomas, former managing director of the Punjab and Maharashtra Co-operative (PMC) Bank and a key accused in the Rs.4,635-crore fraud case involving the bank and real estate company Housing Development and Infrastructure Ltd (HDIL).

Along with Joy, the police have also booked Kamaljit Kaur, the bank's former chief manager and secretary to the MD, and real estate firm Shubham Commercial Enterprises Pvt Ltd, along with its directors Nimit Chheda and Ruchik Chheda.

The case involves PMC Bank's purchase of properties worth Rs.14.5 crore in 2018 from Shubham Commercial Enterprises without the mandatory disclosure to the Reserve Bank of India (RBI).

Accordi...