AN account holder at the Punjab Maharashtra Co-operative (PMC) Bank, who had deposits of over Rs 90 lakh with the troubled bank, died in Mumbai on Monday. He died of a heart attack hours after attending a protest by distressed customers of the bank outside a Mumbai court.
Sanjay Gulati, 51, went for the protest march on Monday morning. He had been stressed about his deposits at PMC. The Oshiwara resident went to the protest with his 80-year-old father. Hours later, he collapsed at the dinner table, a senior official at the Oshiwara police station was quoted as saying by news agency PTI.
Gulati, who was an engineer with the Jet Airways, had lost his job when the airline shut operations. He has a wife and two children, including a specially-abled son.
Maharashtra Chief Minister Devendra Fadnavis, campaigning for the October 21 state election, has assured that he will take up the PMC Bank crisis with the centre. “We will request the centre to help depositors get their money back. I will personally be following up on this,” he said today.
“We will do everything possible in our capacity to help the depositors of PMC Bank,” Fadnavis asserted while launching the BJP’s election manifesto.
Four people, including promoters of HDIL to which PMC Bank made the sour loans, and the bank’s former chairman and ex-managing director have so far been arrested in connection with the latest banking fraud case to spook the country’s depositors and investors.
Rakesh Wadhwan, the chairman and managing director of HDIL, and his son Sarang Wadhawan were named in a police complaint that also accused the bank’s management of concealing non-performing assets and disbursing loans to HDIL leading to a loss of at least Rs. 4,300 crore.