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PMC Bank customer loses dad after not being able to withdraw money for treatment

Saturday, October 19, 2019, 8:37 AM

In yet another tragedy arising from troubles at PMC, an 83-year-old depositor of the crippled cooperative lender died on Friday, which the family attributed to their inability to arrange for funds to pay for a critical heart surgery. Ironically the deceased, Murlidhar Dharra, had as much as Rs.80-lakh in deposits with PMC Bank but could not withdraw the money due to the RBI curbs.
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Former Chairman Of PMC Bank Waryam Singh Arrested

Sunday, October 6, 2019, 9:22 AM

Waryam Singh, a former chairman of PMC Bank, was arrested by the Economic Offences Wing of Mumbai Police on Saturday in connection with the alleged Rs 4,355-crore scam at the bank. This is a fourth arrest in the case. The EOW has already arrested former managing director of the bank Joy Thomas, and promoters of HDIL group Rakesh and Sarang Wadhawan in the case.