PMC Bank crisis: 6th death within 38 days, yet no written assurance

Ar PMC Bank depositor died of a heart attack, making it sixth death among depositors since outbreak of bank crisis. 68-year-old Keshumal Hinduja died last night in Mulund Colony, Mumbai. According to Hinduja’s family, Keshumal died because of cardiac arrest.

y furr stated, “He always used to keep worrying and concerned about money, his lifetime savings deposited in PMC Bank, which has w claimed his life. We lost our family member, our support.”This is sixth death that is claimed to be related to PMC Bank collapse.

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Protest of PMC Bank depositors

Sanjay Gulati and Nivedita Bijlani, who both lived in Andheri, and Murlidhar Dharra and Fattomal Punjabi of Mulund Colony, h died in last couple of weeks. While Nivedita Bijlani committed suicide, or three died of a heart attack. Whereas, Bharati Sarangani died after a sudden heart attack, who was reportedly really worried for her family’s future as her daughter and son-in-law h deposits worth Rs.2.5 crore in bank. 

Today, it has been 38 days since PMC Bank depositors are protesting and begging for ir own money. Depositors at this point of time, need a written assurance from RBI or Government, that money which has been deposited in PMC Bank, is safe. depositors say ir woes have only worsened, as many fear that y might lose ir lifetime earnings deposited in savings accounts, or in form of fixed deposits.

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Whawans bring probed

RBI placed PMC Bank under restrictions after an Rs.4,355-crore scam surfaced and capped withdrawals by account holders. Authorities are probing alleged criminal conspiracy between some officials of PMC Bank and Housing Development Infrastructure Ltd promoters Rakesh and Sarang Whawan.

Whawans have alrey given ir consent to selling 18 attached assets, including two private jets, a speed boat and a fleet of high-end cars. In a letter dated October 16 to finance ministry, RBI and probe ncies including EOW and Enforcement Directorate, y sought monetisation of attached assets at “fair market value”. Hapless PMC depositors have been protesting across country for getting ir money back ever since bank was placed under restrictions.

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