Daijiworld Media Network - Puttur (MS)
Puttur, Feb 21: New details are emerging with each passing day in the case of a woman, who ended her life in the presence of the forfeiting personnel of a national bank, who had come to confiscate the house in which the family was living as their outstanding with the bank had multiplied six and a half times of the loan amount.
Raghuveer Prabhu, a resident near railway track of Harady in the taluk had taken a loan of Rs six crore from a bank in the taluk 11 years ago on his mining transport business. This amount has reached Rs 39.57 crore now due to the interest and other charges of the bank. Raghuveer had repaid Rs three crore to the bank out of the Rs six crore loan amount taken. Later, he could not repay due to loss in his business.
The concerned bank had sent a notice to Raghuveer to pay the outstanding amount of Rs 39.57 crore. Raghuveer says that he had started legal proceedings against that bank accusing them of trying to extract more than due from him. He also accuses that the bank sent people for seizing the house when the case was still in the court.
According to the bank officials, the loan account of Raghuveer was declared as NPA (Non-Performing Asset) and the process of recovering Rs 39.57 crore outstanding is done as per law. The chief judicial magistrate court of Mangaluru had nominated advocate commissioner to confiscate the said property. The bank officials further said that they stopped the confiscating process on February 18, though the commissioner had come to the house of Raghuveer with police personnel, as they came to know that Prarthana Prabhu, partner of the company and wife of Raghuveer, ended her life.
Two separate cases are registered at Puttur town police station with respect to this incident. Raghuveer has accused the harassment of bank officials is the reason for his wife's suicide. In the complaint filed by the commissioner, it is stated that the woman was found hanging while they went to confiscate the house.
Police are investigating further.