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PMC scam: Ready to self-immolate, say PMC Bank depositors

A year has passed with no resolution to the bank crises; desperate depositors say they will protest despite receiving WhatsApp notices from Mumbai police preventing them from doing so under the Epidemic Diseases Act

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PMC Bank depositors protest outside its branch at Andheri on Sunday. Pic/Anurag Ahire

PMC Bank depositors protest outside its branch at Andheri on Sunday. Pic/Anurag Ahire

The depositors of Punjab Maharashtra Co-operative Bank (PMC) who have been waiting for relief from the government, ahead of the first anniversary of the revelation of the scam, have received notices from the Mumbai police preventing them from protesting. However, they have decided to go ahead despite this on September 23, the date last year that RBI imposed restrictions on withdrawals from the bank due to the financial scam.

Around 50 depositors of PMC Bank protested in Andheri on Sunday after receiving a WhatsApp notice from the Mumbai police, warning them of strict action under section 144 and the Epidemic Diseases Act. The depositors called this a discriminatory move by the government and the police, as on Sunday itself, there was a morcha by Maratha people at 18 locations in Mumbai in the presence of police. The depositors have threatened to protest despite the police notice, as they claim the state and central government are not taking the issue seriously. Some of them have also threatened to self-immolate before the RBI on September 23.

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