Daijiworld Media Network - Udupi (SP)
Udupi, Jul 8: Vasudeva Maiya, former chief executive officer of Sri Guru Raghavendra Cooperative Bank, Basavanagudi, Bengaluru, who has been accused of embezzling funds to the tune of Rs 1,400 crore, has left behind a six-page death note in which he has named several persons who he has said, are responsible for his decision to end his life. Deputy commissioner of police (south), Rohini Katoch Sepat, said that the said death note was found in the same car in which Maiya's body was found. She said that the death note was taken into possession in the presence of his family members, and that abetment to suicide case has been registered based on the names mentioned in the death note.
Vasudeva Maiya
Maiya said in the letter that Raghunath, Reddy Brothers, S H Mines (Satyanarayan), Rajath,Kumaresh, Tallam, Ravi Aithal, Rakesh and current chief executive officer of the bank were responsible for forcing him to take decision to commit suicide. In the first information report filed in Subrahmanyapura police station, 11 names have been mentioned.
It is alleged that Raghunath, a producer of movies, had raised loan of Rs 100 crore. Jaswanth Reddy reportedly took Rs 48 crore. Another entrepreneur too reportedly took away crores of rupees but failed to return the money, Vasudeva Maiya has alleged. Criminal Investigation Department (CID) is already conducting investigation into Rs 1,400 crore fraud in the said bank. An officer said that the suicide case also will be transferred to the CID.
"I should not have got involved with lending with an eye on high interest. It was my undoing. I have been cheated by the society and people. I have not cheated anyone. But it was wrong on my part to lend for interest. People who took away money from me enjoyed and defrauded me. About 15 people are to return Rs 30 to 40 crore to me. Likewise, I am liable to return money to a few people," Maiya stated. This was revealed by police sources.
It is learnt that loans were given to people solely depending on personal acquaintance without collecting papers or documents, just like private financiers. It is apparent that the loans were given with the faith that the borrowers will return the money, and with an eye on earning interest. Depositors money was used to make benefit without securing them with security, sources stated.