Justice For PMC Victims: Aaditya Thackeray Confronted, Assures Support

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Aaditya Thackeray, voiced solidarity with the depositors of the PMC Bank and stated that is the 'responsibility of the government,' amid vigorous protests.

Written By Aishwaria Sonavane | Mumbai | Updated On:

Aaditya Thackeray, voiced solidarity with the depositors of the PMC Bank and stated that is the 'responsibility of the government,' after being confronted by Republic TV, amid vigorous protests to bring culprits of the fraud to justice were staged in Mumbai. 

Shiv Sena's Worli candidate, Thackeray told Republic TV that justice would be served and asserted on his party's stand. He said, "Shiv Sena is with the people and will take forward the demands of the people. Shiv Sena has worked for the people, we will discuss it with the people of PMC and see how justice will be served to the people. This is the government's responsibility." 

"Those involved in the scam, there will be an investigation, nobody can stop that. We have a stand on every issue. We are with people and take the law ahead. Even in Aarey we stood with people. If the government is working, it should not be politicised, but if the government is not working then we can talk," he added. 

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PMC Bank Fraud protests

Depositors of Punjab and Maharashtra Cooperative (PMC) Bank protested outside a court on Wednesday, demanding stringent action against the culprits, as police custody of three accused in Rs 4,355 crore scam at the bank was extended till October 14.

The Esplanade magistrate's court granted the request of the Mumbai Police's Economic Offences Wing for further remand. Housing Development Infrastructure Ltd (HDIL) chairman and managing director Rakesh Wadhawan and his son Sarang were arrested in the case last Thursday, while former chairman of PMC Bank Waryam Singh was held on Saturday. The trio were produced before Metropolitan Magistrate S G Shaikh as their custody ended on Wednesday. EOW officials said they needed to interrogate the accused further, so the court extended the remand till October 14.

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Outside, customers of the bank, who are facing severe restrictions on withdrawal of funds since the dire situation of the bank came to light, staged a protest, demanding that there should be "only jail and no bail" for the accused. Some of them were carrying placards. "Arrest Wadhawans but release our funds, SOS Modiji," said one placard. "This scam is on you Mr Modi", said another, while a third one said "RBI is responsible for this mess, what is our fault".

The EOW last week registered a case against the Wadhawans and top officials of PMC Bank for allegedly causing losses to the tune of Rs 4,355.43 crore to the bank. Besides the trio, EOW has also arrested Joy Thomas, former managing director of the bank, whose police custody will expire on October 17. The EOW had earlier told the court that bank officials replaced 44 loan accounts of HDIL with 21,049 fictitious loan accounts, to camouflage huge loan defaults by the real estate group which landed the bank in the current crisis.

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(With PTI inputs) 

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