Man with over Rs 90 lakhs deposit in crisis-hit PMC Bank dies hours after protest

Agencies
October 15, 2019

Oct 15: A 51-year-old man, who had Rs 90 lakh in the crisis-hit Punjab and Maharashtra Cooperative Bank, died of cardiac arrest on Monday within hours of taking part in a protest rally led by depositors against the strict restrictions on the withdrawal of money from the bank.

A former Jet Airways staff, Sanjay Gulati, had already lost his job earlier this year following the grounding of the airlines.

With a specially-abled son at home, Gulati needed regular cash in hand for his treatment and care which became impossible after the RBI placed stringent limits on cash withdrawals by the bank's depositors.

On Monday, Gulati participated in the protest against the harsh limits. The bank is embroiled in a Rs 3,830 crore scam.

After returning home, Gulati, while having food, suffered a cardiac arrest. He was rushed to the nearby Kokilaben Dhirubhai Ambani Hospital, where he was declared brought dead, according to news agency.

According to another customer, Gulati and his family members held deposits worth around Rs 90 lakh in the Oshiwara Branch of PMC Bank, which has been frozen after the Reserve Bank of India's action last month.

Disturbed since the past few days by the developments, he had joined the protest rally on Monday afternoon outside a Mumbai court where the prime accused -- a former chairman of PMC Bank, S. Waryam Singh, Housing Development & Infrastructure Ltd (HDIL) directors Rakesh Wadhawan and Sarang Wadhavan -- were produced.

It may be recalled that after the scam surfaced on September 23, the RBI had imposed wide-ranging sanctions on the PMC Bank and barred people from withdrawing more than Rs 1000 initially; later it was raised to Rs 25,000 and on Monday (October 14) to Rs 40,000.

Coming ahead of the festival season, the RBI's decisions had faced flak from various quarters even as the restrictions will continue till February 2020, leading to huge distress among the customers and depositors, besides panic in business and banking circles.

Gulati's funeral was held here at the Andheri west crematorium on Tuesday afternoon and was attended by his family -- elderly parents, his wife, sister and other relatives, besides other PMC Bank customers.

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News Network
April 26,2024

A 91-year-old woman passed away minutes after casting her vote in Karnataka's Hunsur on Friday, April 26. Hunsur comes under Mysuru Lok Sabha constituency. Despite her advanced age, Puttamma exercised her democratic right.

Voting held on Friday in 14 constituencies in Karnataka. Polling began at 7 am and will ended at 6 pm.

Chende artiste Manohar dies 

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Chende artiste Manohar (58) died of cardiac arrest after exercising his franchise in Kodagu district.

He had cast his vote at B Shettigeri polling station in Ponnampet taluk. Later, Chende artiste Manohar (58) reportedly collapsed after coming out of the polling booth. Though he was rushed to hospital, doctors declared him brought dead.

Ponnampet Tahsildar Mohankumar said “Manohar had come out of the polling booth and collapsed 200 metres away from the booth.

For the uninitiated, Chende (also known as Chenda) is a cylindrical percussion instrument widely used in cultural events in Tulu Nadu of Karnataka and Tamil Nadu in India.

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News Network
April 23,2024

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The genocidal Israeli war on the Gaza Strip has entered its 200th day, with occupation forces killing more Palestinians in defiance of widespread international outcry to end the carnage.

The aggression marked its 200th day on Tuesday with no end in sight to the Israeli war that has so far killed a shocking number of Palestinians and led to a humanitarian crisis in the besieged territory.

The Gaza Health Ministry said Israeli forces have committed three "massacres" over the past 24 hours, killing at least 32 Palestinians and wounding 59 others.

The numbers, it added, bring the Palestinian death toll to more than 34,183, with at least 77,143 injured and an estimated 7,000 missing and presumed dead since early October.

More than 14,500 children and 9,500 women are among those killed, making up over 70 percent of the victims, according to health officials.

Israel waged its brutal US-backed war on the Gaza Strip on October 7 after the Palestinian Hamas resistance group carried out Operation Al-Aqsa Storm against the usurping entity in retaliation for its intensified atrocities against the Palestinian people.

Israel has been carrying out war crimes in Gaza by deliberately starving people and forcing their evacuation, as well as targeting hospitals and schools sheltering displaced Palestinians.

Despite all these atrocities, the regime has failed to achieve its declared objectives of “destroying Hamas” and finding Israeli captives held in Gaza.

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News Network
April 23,2024

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Hubballi, Apr 23: Karnataka Chief Minister Siddaramaiah on Tuesday spoke to father of slain student Neha Hiremath over phone and said "sorry" over his daughter's killing, and assured that "we will be on your side".

The Chief Minister also informed Niranjan Hiremath, who is also a Congress councillor of Hubballi-Dharwad Municipal Corporation, about the government's decision to hand over the murder case to the Criminal Investigation Department (CID) and setting up a special court to fast-track trial.

"Niranjan... very sorry. We will be on your side," Siddaramaiah told Hiremath over the phone call during state's Law and Parliamentary Affairs Minister H K Patil's visit to Hiremath's house here.

In the conversation on Patil's phone with speakers on, Siddaramaiah can be heard informing Hiremath about the CID probe and setting up a special court.

"It is a serious offence... setting up a special court will ensure punishment for the accused person."

Hiremath thanked Siddaramaiah on behalf of his family well-wishers and the community for handing over the case to CID and setting up a special court "...ensure there is an order at the earliest and provide us justice," he said, as he also thanked Patil, Home Minister G Parameshwara, local Congress MLA Prasad Abbayya and others for their support.

Replying to this, Siddaramaiah said, "We will ensure it, at the earliest."

In a shocking incident, Neha Hiremath (23), was stabbed to death on the campus of BVB College last Thursday. The accused Fayaz Khondunaik, who fled from the scene, was arrested by the police subsequently.

Neha was a first year Master of Computer Application (MCA) student and Fayaz was earlier her classmate.

Siddaramaih on Monday had announced his government has decided to hand over the investigation into the incident to the Crime Investigation Department, and to set up a special court for speedy disposal of the case.

The case of brutal murder, which sparked widespread outrage, has snowballed into a political slugfest between ruling Congress and opposition BJP.

While the ruling party has tried to project it as an incident with personal angle, the saffron party has called it a "love jihad" case and has said it's a testimony of deterioration of law and order in the state.

Earlier, Siddarmaiah's statement that the murder was due to "personal reasons" and Home Minister G Parameshwara's comments that the duo was in love, has elicited sharp reactions from Hiremath and family members and opposition parties.

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