On 24 May 1971, Nagarwala called Malhotra at the State Bank of India, and did a vocal impression of Prime Minister Indira Gandhi.
[3] Nagarwala further told Malhotra that he should contact the Prime Minister's office at a later date to get a receipt.
Malhotra agreed to get the money and later delivered it to Nagarwala (who claimed to be a courier working for the Prime Minister) in a taxi later that day.
[4] Before the commission met, the magazine India Today expressed some doubts about the official version of events, with questions on the bank's conduct, Nagarwala's past and his ability to imitate Gandhi's voice, and instead proposed in "one possible reconstruction" that he was an undercover courier funneling money to support guerillas in Bangladesh on behalf of the state and the government was washing their hands clean of him after a deputy cashier had reported his activity to the police.
They also found that Nagarwala's death was caused by a myocardial infarction and thus there was no reason to suspect foul play.
In letters written while he was jailed, Nagarwala claimed that he wanted to reveal the truth behind the crime and that it would be a "great eye opener for the nation".
[1] Some attention was renewed to the case after Chief Information Commissioner Wajahat Habibullah ordered the Ministry of Home Affairs to fulfill an RTI request from a member of the Reddy Commission asking for evidence transcripts, which was initially rejected.