PMC bank crisis: Another Mumbai man passes away to heart attack

A Punjab and Maharashtra Co-operative (PMC) Bank depositor, Fattomal Punjabi, passed away on Tuesday due to heart attack. Punjabi's family alleged that he was under stress following the crisis in PMC Bank. This was the second and overall third death of a PMC account holder in less than 24 hours. 

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Two more deaths reported

The first death took place on Monday, where 51-year-old Sanjay Gulati, a customer of the bank passed away on Monday, October 14, reports say. It was reported that Sanjay Gulati suffered a cardiac arrest after he lost his life savings to the scam. Notably, earlier Sanjay had lost his job at Jet Airways. Sanjay was under a lot of stress as first he had lost his job in the Jet Airways and now his life savings were stuck in the PMC Bank. 

In another incident, a resident of Andheri in Mumbai had taken her own life at her residence on Tuesday by overdosing on pills. She also was a PMC account holder and she is the third victim that the PMC Bank scam has claimed in 24 hours. The Mumbai Police has stated that the victim Yogita Bijlani was suffering from schizophrenia. The police further stated that the bank scam may not have been the direct cause of her death but they will not rule it out entirely and will probe all angles. On Tuesday afternoon, she overdosed on pills. Her family said that she was under stress for the past few days. Her father's statement was recorded by the Versova Police. A case of accidental death has been recorded.

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Amit Shah addressed the PMC bank scam

In an exclusive interview with Republic TV, Union Home Minister Amit Shah on Tuesday addressed the PMC bank scam which has left thousands of depositors unable to access their savings. He assured the depositors that their interests will be protected as Enforcement Directorate (ED) has seized more amount than the actual amount of the fraud. The Home Minister assuring the depositors further spoke about the Depositor's insurance scheme under which 80% of the depositors are insured. He also mentioned that only legal proceedings are left and by and large, all the depositors will get their money back. "80% of the depositors with less than Rs 1 lakh in deposits are insured under the Depositor's insurance scheme. The ED has further seized more amount than the actual amount of fraud. So only legal proceedings are left and I believe that very soon the customers will get their money back," he said.

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(INPUTS FROM ANI)