A 74-year-old depositor of the scam-hit Punjab and Maharashtra Cooperative (PMC) Bank died after a prolonged illness here, his family said on Monday.
Andrew Lobo died on the night of October 31 after he could not get access to his money deposited in the bank for treatment.
According to the family, Lobo had deposited Rs 35 lakhs in the bank as a fixed deposit and the interest received on the amount was the sole source of income.
The septuagenarian was living with his wife who was the only one to take care of him.
Lobo and his wife were worried about the money and treatment since they heard of the scam in the bank, the family said.
At least five more people have died since the bank scam came into light. Earlier this week, a 64-year-old woman, an account holder of the PMC bank, died of cardiac arrest.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app