MD of scam-hit Punjab and Maharashtra Cooperative Bank married his PA, nine flats registered in her name

The Hush Post / 01:25pm / 2-min-read 

Where people have been crying over their lost money in the Punjab and Maharashtra Cooperative Bank, it has come to light that the now suspended MD of the scam-hit bank, Joy Thomas, was leading a dual life. He had converted to Islam in 2005 to marry his personal assistant. In preliminary investigations, the police discovered nine flats registered under his second wife’s name in Pune.

62-year-old Thomas is in police custody in the Rs 4,355-crore PMC Bank loot case.

The former PMC MD has admitted before the police that he led a double life with two families. He revealed he had developed a relationship with his PA while he was married and had a family.

He confessed that his Islamic name ‘Junaid’ is not there in any financial record.

Joy Thomas converted to Islam and became Junaid Khan to marry her. The woman in question quit her job in 2005 on the pretext of marriage and informed her office that she was moving to Dubai, according to a report in a national daily.

She shifted to Pune, and her husband, Joy alias Junaid, started shuttling between Pune and Mumbai.

“We are looking into how she bought the Pune properties. If we find that these were bought through the proceeds of crime, we will attach the properties, which are estimated to have a combined worth of Rs 4 crore,” a police official said.

Thomas owns four flats in Mumbai and Thane. One of those flats is registered in the name of his son from his first wife. Thomas’s first wife is already pursuing a divorce case against him.

“He and his second wife had adopted a girl, who is now 11 years old. They also have a 10-year-old son. The second wife makes and sells chocolates, has a boutique, and draws rent from the Pune properties,” police said.


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