After the PMC Bank Scam allegedly claimed the life of Bharti Sadarangani due to a heart attack on Monday, 10 representatives of the depositors that staged a protest at the Azad Maidan in Mumbai have moved towards the Reserve Bank of India (RBI) on Tuesday. This move comes after the RBI said that it is open to have a dialogue with the protestors. A delegation of protestors have moved towards the bank to put forth their demands, which includes a written assurance from the central bank. The representatives will come back to Azad Maidan after the meeting to decide the next course of action, as per sources.
Visuals show the police forces visiting the protestors in Azad Maidan on Tuesday. They have told the protestors that 4 of them would be taken to the RBI office for the meeting. However, the protestors have demanded that instead of 4 people, 10 people would meet the RBI officials. The police officials later agreed to this proceed toward RBI building in a bus.
Earlier on Monday, a Punjab and Maharashtra Co-operative (PMC) Bank depositor's mother Bharti Sadarangani, passed away on Monday due to a heart attack. Sardarangani's son-in-law, Chandan Chotrani alleged that she was under stress, following the PMC scam because her daughter's entire life saving of 2.25 crores was deposited in the bank. Apart from these, 4 other deaths related to the PMC Bank scam have already been reported.
The Supreme Court on Friday refused to entertain a plea filed on behalf of scam-hit PMC Bank account holders seeking lifting of restrictions imposed by the Reserve Bank of India on cash withdrawals. A bench headed by Chief Justice of India Ranjan Gogoi said, "We are not inclined to entertain this petition under Article 32 (writ jurisdiction). The petitioner can approach the high court concerned for appropriate relief". Punjab & Maharashtra Co-operative Bank has been put under restrictions by the Reserve Bank of India (RBI) following the discovery of a Rs 4,355-crore scam. Deposit withdrawals have been capped at Rs 40,000 over a six-month period, causing panic and distress among depositors.