What do you do when your bag is being snatched???

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When someone tries to snatch your bag or any belongings, What do you do? One of my cousin's bag had been snatched and she reacted on that and complained to the police (SHO) who was known to my father.That SHO said lets not make it written complain as she stays alone those people may harm her... Wat do you think? Was that alright....???? Well according to me, the wise thing to do is let go. Keep in mind that your life and personal safety mean much more that anything material.... Wat say???