Mumbai, Feb. 15 -- There was a "deep-rooted conspiracy" in the Rs.6,670 crore PMC Bank fraud case and the board of directors, who flouted the Reserve Bank of India (RBI) guidelines were guilty of wilful omission and commission, revealed a supplementary charge sheet filed last week by the Economic Offences Wing (EOW) at the Esplanade court.

The charge sheet, based on the forensic audit report, said the bank's auditors, chairperson Waryam Singh, and Housing Development Infrastructure Ltd (HDIL) promoters - Rakesh Wadhwan and Sarang Wadhwan - had old ties which were exploited for carrying out the fraud.

On February 5, the EOW filed a supplementary charge sheet against the bank's former board of directors - Rajneet Singh, Jagdish Mookhey, Tru...