PMC Bank Fraud case update :

Mumbai Police registered FIR under IPC sections
409, 420, 465, 466, 471, 120B. Economic Offence Wing of Mumbai Police set up a special team to investigate this Fraud.

Brief Facts of the Case :

Ex-BJP MP Kirit Somaiya files criminal complaint with Police EOW at Mumbai Police Head Quarters against top Management of PMC Bank & HDIL

Kirit Somaiya, Ex- BJP MP, and present Vice-President of the party in Maharashtray, on Thursday 26 September filed criminal complaint with Police EOW at the Mumbai Police Head Quarters of Commissioner of Police agsinst PMC-HDIL Nexus for looting ₹3000 crores of 9.12 lacs Depositors of PMC bank.

At a press conference he told the media persons that “I have requested MoS Finance Anurag Thakoor and top RBI official to extend the money withdrawal date from PMC bank and they have agreed to our demand.

PMC Bank employees gherao HDIL director Wadhwan’s residence

PMC is a reputed institution and enjoys high reputation for customer service. The RBI’s abrupt action in asking the customers of the PMC Bank to withdraw only 1000k in six months has not.only left the bank’s customers high and dry but even the bank employees. Unable to succumb to the strictures of RBI tbe bank employees very discreetly gheraoed the Union Park residence of the HDIL director Wadhwan against bad loans from the wee hours of 5 am today.

Reportedly the HDIL Director ensured to have a meeting with the RBI Administrator today. Meanwhile the beleagured bank employees had to make their way out since they needed to open branches. This abrupt decision by the premier banking institution comes ahead of the Maharashtra Assembly Elections. Now it has to be seen whether the RBI will be prevailed upon to bypass its rules and release insurance to the depositors?

Compiled by: K.V.Raman