Another PMC Bank Depositor Dies in Mumbai, Kin Say its Natural Death

Family individuals of the deceased Ram Arora, on the other hand, claimed that his demise was once now not associated with the financial institution rip-off or resultant restrictions on withdrawal of finances.

PTI

Updated:October 20, 2019, 10:05 AM IST

Another PMC Bank Depositor Dies in Mumbai, Kin Say its Natural Death
Representative Image.

Mumbai: A senior citizen retaining account in crisis-hit Punjab and Maharashtra Cooperative (PMC) Bank died on Saturday in suburban Mulund, the 5th such case for the reason that alleged rip-off got here to gentle resulting in imposition of curbs on money withdrawals.

Family individuals of the deceased Ram Arora, on the other hand, claimed that his demise was once now not associated with the financial institution rip-off or resultant restrictions on withdrawal of finances.

He was once a resident of Mulund Colony. “It was once a herbal demise. He was once a senior citizen. The demise isn’t associated with the financial institution rip-off,” they mentioned.

According to Arora’s family members, he was once now not only depending on finances in his account with the PMC Bank. So, a long way 4 depositors of the financial institution have died for the reason that alleged rip-off was once uncovered.

On Friday, 83-year-old PMC financial institution depositor Murlidhar Dharra, additionally from Mulund, died together with his circle of relatives claiming that it might now not lift cash for his middle surgical procedure after restrictions had been imposed on fund withdrawals.

Earlier, two depositors died of cardiac arrest, whilst any other, a girl physician, allegedly dedicated suicide. The disaster on the financial institution is being attributed to loans given to realty participant HDIL, that have been allegedly hidden from regulators’ scrutiny, turning non-performing property.

Five individuals together with HDIL promoters had been arrested within the case.

Get the most productive of Information18 delivered in your inbox – subscribe to News18 Daybreak. Follow Information18.com on Twitter, Instagram, Facebook, Telegram, TikTok and on YouTube, and keep within the know with what is taking place on the earth round you – in actual time.



Article Source Link