The government has roped in Grant Thornton to carry out forensic investigations into the fraud-hit Punjab & Maharashtra Co-operative (PMC) Bank, said four persons with direct knowledge of the matter. The bank appointed the forensic auditor at the behest of the Economic Offences Wing (EOW) of the Mumbai Police.
Grant Thornton is tasked to look into the allegations made by the former managing director of the bank on how it managed to flout Reserve Bank of India norms. The firm will also look into the modus operandi of the fraud and whether any employee benefited from that.