PMC Bank Scam Victims' Demand For Justice Reaches BJP's Mumbai Office

General News

Amid protest by PMC bank depositors, agitated depositors barged into BJP's Mumbai office on Thursday ahead of Finance Minister Nirmala Sitharaman briefing

Written By Monica Aggarwal | Mumbai | Updated On:

Amid the protests by depositors in the Punjab Maharashtra Co-operative (PMC) Bank scam case, a number of agitated depositors dramatically barged into the BJP's Mumbai office on Thursday ahead of Finance Minister Nirmala Sitharaman's visit to the office. As the PMC bank depositors entered the office, a heated confrontation was witnessed between them and BJP workers at the spot. Outside the BJP office, the angry depositors said that money of a lot of people, including the RBI workers are stuck due to the PMC scam.

Speaking to media in the matter, the depositors demanded justice and sought assurance on their savings from the PMC bank. This development has come ahead of the Finance Minister's press briefing in the Financial Capital.

Watch the video of the dramatic protests above.

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PMC depositors stage protest

On Wednesday, hundreds of PMC depositors gathered outside the Killa court in Mumbai ahead of former Chairman of PMC bank Waryam Singh's appearance at the court. Speaking to Republic TV, the protestors shared their ordeal, demanding the culprits in the Rs. 4,355 crore scam to not be granted bail. Furthermore, the protesters called for the sale of the confiscated properties of the accused, the proceeds of which should go towards the return of their money. The protestors also demanded imprisonment for Housing Development Infrastructure Limited (HDIL) Directors, Sarang Wadhawan and Rakesh Wadhwan.

Meanwhile, on October 9, the Esplanade Court sent Waryam Singh and HDIL directors, Sarang Wadhawan and Rakesh Wadhwan, to police custody till October 14.

READ | PMC Crisis: Protesters Demand Jail For Accused, Want Their Money Back

PMC bank Scam case

Mumbai's EOW has on September 30 filed the first information report (FIR) against HDIL and PMC Bank officials, including Joy Thomas of alleged fraud and wrongful loss of ₹4,355 crore. HDIL was charged of alleged cheating in the scam. Furthermore, the EOW has so far seized properties worth ₹4000 crores in the scam. The scam came into the light when PMC bank official Joy Thomas wrote to RBI that the bank’s exposure to bankrupt HDIL is over ₹6,500 crore. The EOW had earlier told the court the PMC Bank replaced 44 loan accounts of HDIL and its group companies, whose outstanding balance was significantly higher, with 21,049 fictitious loan accounts. It is alleged that the bank's board of directors and executives, including Joy Thomas, had "full knowledge" of this act.

READ | PMC Bank Crisis Affects Gurudwaras Preparing For 550th Prakash Purab

READ | PMC Bank Crisis: ED Raids HDIL Promoters' Super-luxurious Bungalow

(With PTI inputs)

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