Daijiworld Media Network - Udupi (SP)
Udupi, Jul 7: Vasudeva Maiya, native of Manuru, Kota, in the taluk, who was the former chief executive officer of Sri Raghavendra Cooperative Bank, Basavanagudi, Bengaluru, ended his life on the evening of Monday July 6. His body was found inside his car found parked near Arehalli Gate, Poornaprajna Layout within Subrahmanyapura police station a little distance away from his residence.
The police suspect that Maiya would have ended his life by consuming liquor laced with poison. Maiya had been facing the allegation of embezzling bank funds to the tune of Rs 1,400 crore. The police were investigating the way the funds were siphoned off, when Maiya decided to end his life. The police are trying to find out whether he has left behind any suicide note.
Anti-Corruption Bureau had raided the bank on the basis of complaints of misappropriation of funds. Reserve Bank of India had taken over the said bank during January. Initially it had restricted the amount of withdrawal per customer to Rs 35,000 which was hiked to one lac rupees.
In the meanwhile, with the death of Maiya, questions have arisen about the current whereabouts of the president of the bank, Ramakrishna. It is said that he would have gone underground as the investigation also is covering his role in the scandal.