The Punjab and Maharashtra Cooperative (PMC) Bank crisis has claimed another life.
Sanjay Gulati, a resident of Taporewala Gardens in Mumbai’s Oshiwara, was an account holder in the disgraced PMC Bank. He had deposits worth Rs 90 lakhs in the Oshiwara branch of the PMC Bank.
This Sanjay Gulati, died from a cardiac arrest after returning home from a protest against the PMC Bank scam.
According to reports, he was an employee of Jet Airways. He was fired after the airline went under in April. Another shock awaited him when the RBI placed restrictions on the withdrawal limit for depositors of the scam-hit PMC Bank.
His family has a total of four accounts in the bank with total deposit of around Rs 90 lakhs. The accounts belonged to him, his parents and his wife.
A relative Rajesh Dua told India Today TV that Sanjay Gulati required money on a regular basis as his son was specially-abled and therefore a substantial amount of money was required for the child’s treatment. “Sanjay had been disturbed for the past several days as he was not able to withdraw money from his own account,” Rajesh Dua said.
On Monday, Sanjay Gulati was attending a protest at the Killa Court in the Fort area. Around 200 PMC Bank account holders on Monday protested outside the Mumbai court at the time when the accused in the PMC Bank scam
In the afternoon he returned home from the rally and asked his wife to serve him food. He suffered a cardiac arrest as he was eating and died. He was rushed to the Kokilaben Hospital but was declared ‘brought dead’.
Following public outcry the Reserve Bank on Monday enhanced PMC Bank’s withdrawal limit to Rs 40,000 per account from Rs 25,000 per account earlier for six months.
This is the third time the regulator has increased the withdrawal limit since it clamped down on PMC Bank on September 23, capping withdrawals at Rs 1,000 per customer, which led to a lot of distress and criticism.
