New Delhi: Former Prime Minister Manmohan Singh on Thursday appealed to the Maharashtra Chief Minister, the Prime Minister and the Finance Minister to look into the Punjab and Maharashtra Co-operative (PMC) Bank case and resolve the grievances of the 16 lakh affected people.
“It’s very unfortunate what has happened in the case of this bank,” said Manmohan Singh in a meeting in Mumbai. He was quoted by news agency ANI as saying, ” I expect the govt of India, RBI and the govt of Maharashtra to put their head together and provide a credible, pragmatic and effective solution to this case where 16 Lakh depositors are trying for justice.”
Earlier in the day, a delegation of 15 depositors of PMC Bank was prepared to meet the former Prime Minister to discuss their grievances and request his intervention in the matter, stated news agency ANI. A day before that the administrator of PMC bank and members of the advisory committee had assured the RBI governor that efforts would be taken to safeguard the interests of the PMC bank depositors and stakeholders.
Meanwhile on Wednesday, denying allegations of money laundering, the promoters of Housing Development and Infrastructure Limited (HDIL) had requested to sell off their assets to clear the loans payable to PMC bank, stated news agency ANI. This decision was communicated by prime accused Rakesh Wadhawan and Sarang Wadhawan in a written letter to the Enforcement Directorate (ED), the Union finance ministry and the Reserve Bank of India (RBI).
Meanwhile on Tuesday, while delivering a lecture at Columbia University’s School of International and Public Affairs, Finance Minister Nirmala Sitharaman lashed out at former Prime Minister Manmohan Singh and RBI Governor Raghuram Rajan by stating that the Indian public sector banks had undergone the ‘worst phase’ ever during their period.