Published 19:38 IST, October 18th 2019
PMC Bank deposit-holders to gherao RBI as scam claims 4th life
The depositors of the PMC Bank scam will be gheraoing the Reserve Bank of India on October 19, 2019. This comes after the scam claimed fourth life.
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The depositors of the PMC Bank scam will be gheraoing the Reserve Bank of India on October 19, 2019. They will be walking from the Asiatic Library opposite Horniman Circle to the RBI building in Mumbai, against As per a message which is being circulated on Whatsapp and similar messaging platforms the customers have planned to protest against the cap on the withdrawal amount from accounts (Rs 40,000 per six months). The message comes after the PMC scam claimed fourth victim, a senior citizen who suffered a heart attack after being unable to pay for his surgery owing to withdrawal limits on his account.
Protest at Horniman Circle Mumbai against RBI
The message says that the protest is their last chance ahead of elections in Maharashtra (October 21). The message encourages every person affected to step out. "Every single person, Sr citizens, bache (children), ladies, youngsters... All have to come out and gather in large numbers. Yeh hamari ladaai hai aur hum apna haq lekar rahenge (This is our fight and we will get our rights)." The message says that following disappointing order from the Supreme Court which they are alone in their fight.
SC refuses PMC account holders plea
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". The 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.
PMC Bank scam claims fourth victim
The PMC Bank scam has claimed yet another victim; a senior citizen who needed the money for a bypass surgery could not arrange for the same owing to the limit on withdrawal of money from his account following the scam and consequently passed away. Murlidhar Dharra (60-years-old) from Mulund Colony, Mumbai, passed away on October 18 following a heart attack. As per Dharra's son Rs 80 lakhs was in his father's account in the PMC bank branch in Mulund. His son Prem Dharra says that he had around Rs 60 lakh in his own account in the PMC Bank, but the money was inaccessible to both of them as withdrawals have been capped at Rs 40,000 per six month period.
19:14 IST, October 18th 2019