While the law is supposedly taking its course and PMC Bank's top managers are in the slammer, account holders are wondering how such a massive scam escaped the eagle eye of internal, external and even RBI auditors. They said the role of these auditors is crucial and investigators should not ignore their culpability.

Speaking to mid-day, Amarjit Singh Kochhar, former director of the bank said, "It is not only Joy Thomas, who played a crucial role in duping 16 lakh customers of the bank, but it was also the responsibility of internal, external and RBI auditors who were managing the bank's audit work, to report the wrong doings." He added, "The EOW claimed that during their course of investigation they learnt that the systematic scam and fake accounts were being created since 2008. It has almost been 11 years since then and it's very difficult to believe that none of the auditors managed to smell the rat, or was it that these people were working in connivance with the PMC Bank board in looting the hard-earned money of citizens." He further said that the probe agency should check records of the inter-state branches as well as this might just be the tip of the iceberg.