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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Agencies
June 17,2020

Mumbai, Jun 17: A lawyer on Wednesday moved a criminal complaint against 8 persons, including Bollywood superstar Salman Khan and producer-director Karan Johar, in a local court regarding the death of Bollywood actor Sushant Singh Rajput.

The court had fixed July 3 as the next date of hearing.

In his complaint filed in the court of Chief Judicial Magistrate, advocate Sudhir Kumar Ojha alleged that these eight persons forced Sushant to commit suicide under a conspiracy which, he pleaded, amounted to murder.

Others named in the complaint are Aditya Chopra, Sajid Nadiadwala, Sanjay Leela Bhansali, Bhushan Kumar, Ekta Kapoor, and director Dinesh.

The complainant claimed that these persons did not let Sushant's movies get released under a conspiracy and the late actor was not even invited to film functions because of these people.

Ojha said that Sushant Singh Rajput's death had not only hurt the people of Bihar but the entire country.

He said the complaint had been filed under Sections 306, 109, 504 and 506 and Bollywood actor Kangana Ranawat had been listed as a witness in the case.

Sushant Singh Rajput had allegedly committed suicide at his Bandra flat in Mumbai on Sunday.

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News Network
March 16,2020

New Delhi, Mar 16: Reliance Group Chairman Anil Ambani has been summoned by the ED in connection with its money laundering probe against Yes Bank promoter Rana Kapoor and others, officials said on Monday.

They said Ambani was asked to depose at the Enforcement Directorate office in Mumbai on Monday as his group companies are among the big entities whose loans went bad after borrowing from the crisis-hit bank.

The officials said Ambani, 60, has sought exemption from appearance on some personal grounds and he may be issued a new date.

Ambani's group companies are stated to have taken loans of about Rs 12,800 crore from the bank that turned NPAs.

Finance Minister Nirmala Sitharaman had said in a March 6 press conference that the Anil Ambani Group, Essel, ILFS, DHFL and Vodafone were among the stressed corporates Yes Bank had exposure to.

Officials said promoters of all the big companies who had taken large loans from the beleaguered bank which later turned bad are being summoned for questioning in the case to take investigation forward.

Ambani's statement will be recorded under the Prevention of Money Laundering Act (PMLA) upon deposition, they said.

Kapoor, 62, is at present in ED custody after he was arrested by the central probe agency early this month.

The ED has accused Kapoor, his family members and others of laundering "proceeds of crime" worth Rs 4,300 crore by receiving alleged kickbacks in lieu of extending big loans through their bank that later turned NPA.

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News Network
June 12,2020

New Delhi, Jun 12: Petrol price on Friday was hiked by 57 paise per litre and diesel by 59 paise a litre as oil companies adjusted retail rates - the sixth straight day of increase in rates since oil firms ended an 82-day hiatus of rate revision.

Petrol price in Delhi was hiked to Rs 74.57 per litre from Rs 74, while diesel rates were increased to Rs 72.81 a litre from Rs 72.22, according to a price notification of state oil marketing companies.

Rates have been increased across the country and vary in each state depending on the incidence of local sales tax or value added tax.

This is the sixth consecutive daily increase in rates since oil companies on Sunday restarted revising prices in line with costs, after ending an 82-day hiatus.

In six hikes, petrol price has gone up by Rs 3.31 per litre and diesel by Rs 3.42.

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