He knows the 60 days before extension, but he withdrew the 800k down by 300k after 60 days of renewing his extension, when in fact he should have the 800k untouched for 3 mths/90 days, then at least 400k until the 60 day renewal period starts. So he is in violation of the rules, and as someone said above, all offices are strict on that, and they do check the 12 months statement or bankbook to verify this.
I believe it is 3/7/2, but he assumed wrongly that it was 2/7/3, wherein lies his predictament.
I think this is correct.