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PMC Bank depositors to file a writ petition in Bombay HC on Tuesday

PMC ex-MD Joy Thomas has accepted that his board helped him in manipulating more than 21000 bogus accounts

PMC Bank, Punjab and Maharashtra Cooperative Bank
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Photo: Kamlesh Pednekar

Nidhi Rai Mumbai
Punjab and Maharashtra Co-operative (PMC) Bank depositors, who are unable to access their money stuck after the scam, are planning to file a writ petition in the Bombay High Court by Tuesday.

Vishwas Utagi, convenor of the PMC Bank Depositors’ Association, said, “We are working on the draft and will file the writ petition by Tuesday. We want to understand why Waryam Singh was not removed from his position as chairman of the bank although the Reserve Bank of India (RBI) knew that he has a conflict of interest. He was also a board of member of Housing Development and