PMC Bank Scam Claims Eighth Life

74-year-old Andrew Lobo, a resident of Thane who was suffering from a lung infection died as he was unable to meet his medical expenses.

PMC Bank Scam Claims Eighth Life

The news regarding Punjab and Maharashtra Cooperative Bank (PMC) scam has been doing the rounds for a while now. The Reserve Bank of India (RBI) had issued a notice to the bank to shut down its operations from September 23. Post this, an atmosphere of panic had spread amongst the PMC Bank account-holders who were unable to withdraw their own money.

Also Read: PMC Bank Crisis: RBI Plans To Auction HDIL Directors' Properties

The crisis has already claimed seven lives and recently, 74-year-old Andrew Lobo died at his residence in Thane. Lobo had 26 lakhs deposited in the bank and depended on the interest provided by the bank for his day to day needs. His family stated that he was unable to pay his medical bills and therefore died. His family told the Press Trust of India (PTI) that Lobo had a lung infection and had to visit doctors and take medicines regularly. 

The bank crisis had earlier claimed lives of Bharti Sadarangani, Sanjay Gulati, Nivedita Bijlani, Murlidhar Dharra, Fattomal Punjabi, Keshumalbhai Hinduja and Kuldeep Kaur Vig. 

Bharti who lives in Solapur died due to heart failure. Sanjay Gulati and Nivedita Bijlani, who both lived in Andheri, and Murlidhar Dharra and Fattomal Punjabi of Mulund Colony, had died in the last couple of weeks. While Nivedita Bijlani committed suicide, the other four died of a heart attack. 

Also Read: PMC Bank Crisis: Depositors Can Now Withdraw ₹50,000 During Medical Emergency