In an exclusive interview with Mumbai Mirror's Alka Dhupkar and Makarand Gadgil, Punjab & Maharashtra Co-operative Bank's suspended MD Joy Thomas said that the bank’s chairman, Waryam Singh, knew that it was heading for a collapse and HDIL chiefs threatened to sink the bank. On a day when two directors — Rakesh Wadhawan and Sarang Wadhawan — of real estate company Housing Development Infrastructure Limited were arrested in the PMC Bank fraud case, the bank’s suspended managing director, Joy Thomas, on Thursday feared being made a scapegoat. He recommended that HDIL’s assets be sold in phases to recover the loan and end depositors’ nightmare.