MMCB depositors on hunger strike

Ahmedabad, Aug 26: DEPOSITORS in the scam-tainted Madhavpura Mercantile Cooperative Bank (MMCB) have gone on an indefinite fast here since Saturday against the delay in the issuance of notification towards the revival of the bank, the police said on Sunday .

About 21 MMCB depositors participated in the indefinite fast at Ashram Road, they said. The sit-in is being held under the aegis of Navgujarat Bank Customers Council, an organisation of depositors formed after MMCB’s collapse in March due to alleged irregular banking practices by some of its senior officials. MMCB has lost nearly Rs 1,200 crore in stock broking operations.

(PTI)