Mumbai, Dec. 4 -- According to an interim forensic audit report, the total cumulative loss suffered by Punjab and Maharashtra Co-operative (PMC) Bank is Rs.6,670 crore. Approximately Rs.70 crore was allegedly distributed by real estate company Housing Development Infrastructure Limited (HDIL) among the family members of the bank's directors as kickbacks.

An interim forensic report, drawn up by a private company deputed by the Reserve Bank of India (RBI), was submitted to Mumbai Police's economic offences wing (EOW) last week. The report revealed that between September 7 and September 19, Rs.65 crore was withdrawn by 23 people, including prominent customers, bank staff and directors on the bank's board. On September 23, the RBI put restrict...