Finance General

PMC Bank scam: Account holders protest beyond Mumbai courtroom, request govt, RBI to get support.

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PMC Bank scam: Account holders protest beyond Mumbai courtroom, request govt, RBI to get support.

They shouted slogans against the accused and required a little clarity regarding whether they’ll have the ability to withdraw cash from their accounts and if the directions put on the bank is going to be relaxed.

The prosecution demanded their custody remand be extended for 2 days to that the defense counsel said they did not object to the remand however there is should be some substantial development in the circumstance.

The Investigating Officer advised the court that everyday some new improvements come to light and that nine to ten possessions of prior PMC Bank Managing Director Joy Thomas bought in Pune have been discovered. “We’ve got to learn about the money trail,” the counsel said.

Hearing the sides, the court then mailed the accused trio to police custody till October 16.

Meanwhile, protesters kept yelling slogans from the accused. They raised slogans of”No Bail, Lambi Jail, No to Banks” outside the court .

So as to control the circumstance, authorities security was beefed up and only a few agents of protesters were permitted in the court.

Nikhil Voraan account holder with Oshiwara branch of this PMC Bank explained,”Our only fault is we are depositors of the bank to that the RBI had given license. The regulator RBI has failed. More than the accused who are now behind bars, we’re the one suffering regular. Please perform justice and bail us out of the circumstance.”

Another account holder Mahendra Doshi explained,”I am a CA and also have Rs 21 crore from the bank. Now, however, we do not also have Rs 5,000 to conduct the household. There is no clarity on the situation. Occasionally they say Rs 6,500 crore reduction has happened and then change to say that Rs 4,355 crore loss has occurred. But there’s continues to be no clarity.”

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“I want to request the government to conserve the lender in the present scenario. You simply take your own time but infuse money and rescue the lender or else the complete banking system will collapse,” Doshi said.

Several distraught PMC Bank accounts holders have been reaching a variety of locations across the town where protests have been held.

The purpose behind the protests is to find some respite from the RBI so that the account holders may access their account.

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