Depositor Of Crisis-Hit PMC Bank Dies, Family Alleges He Was Under Stress

New Delhi: A Punjab and Maharashtra Cooperative (PMC) Bank account holder allegedly suffered a massive cardiac arrest on Monday night and died. The account holder identified as Sanjay Gulati had on Monday took part in a protest against the almost Rs 4,500 crore scam in PMC Bank which resulted in the Reserve Bank of India (RBI) putting curbs on withdrawing money by its account holders.

According to his family members and close friends, Gulati was under a lot of stress after the PMC Bank scam came to light. He was listed as a large depositor with the bank and had almost Rs 80 lakh in four accounts which he was unable to withdraw for the treatment of his son, who is a special child and is under medical supervision.

Gulati along with several other PMC Bank account holders and customers had protested outside Mumbai's Esplanade court where some of the accused in the scam were brought for a hearing. Former PMC Bank chairman Waryam Singh and Housing Development and Infrastructure Limited (HDIL) directors Rakesh Wadhawan and Sarang Wadhwan were produced before Esplanade Court which extended their police custody till October 16.