PMC Bank fraud: Bombay HC grants temporary bail to Jagdish Mookhey

Bombay High Court

Mumbai: The Bombay High Court granted temporary bail of three months to Jagdish Mookhey, an accused in the Punjab and Maharashtra Cooperative (PMC) Bank fraud case. His lawyer, Yusuf Iqbal Yusuf, told the HC that the accused needs to undergo an “epigastric hernia surgery” and submitted his medical reports following which Justice Bharati Dangre granted bail to Mookhey for three months.

A sessions court had rejected 75-year-old Mookhey’s bail plea last month after the prosecution argued that it had established a prima facie case against him and his co-accused. Mookhey then moved the HC seeking bail on health grounds. Mookhey, a former director of PMC Bank, was arrested by the Mumbai police’s Economic Offences Wing in December last year for his alleged involvement in the Rs 6,600-crore scam involving illegal credit facilities to the Housing Development and Infrastructure Ltd and its group companies.