Kozhikode farmer found hanging, family levels allegations against bank


Representational image | Photo: Mathrubhumi

Kozhikode: A 64-year-old farmer was found hanging from a mango tree at his residence in Karayad here on Monday evening. Following his alleged suicide, his family has levelled allegations against a cooperative bank from which he had taken loan for agricultural activities and they are about to lodge complaint with the police.

Velayudhan

The deceased has been identified as Velayudhan. He had taken Rs 9 lakh as loan from Koyilandy Cooperative Agricultural and Rural Development Bank. He owed Rs 9,25,1282 including interest, but was not able to repay it.

Bank authorities visited the house and gave notice for one-term settlement. As per the notice, he had to pay Rs 4,80,340 by November 30. According to his family, he was disturbed and he wanted to seek deadline extension.

Velayudhan had been going through a series of crises, said his relatives and locals. Covid-19 pandemic, floods, son’s accident and losses in cattle rearing are reasons cited by them.

Meanwhile, bank authorities maintained that only due procedures for loan recovery was pursued. They also claimed that confiscation process was not initiated.

(Suicide is not a solution to any problem. Seek the help of a mental health expert if you are in distress. Toll-free helpline number-1056)

Add Comment
Related Topics

Get daily updates from Mathrubhumi.com

Youtube
Telegram
Disclaimer: Kindly avoid objectionable, derogatory, unlawful and lewd comments, while responding to reports. Such comments are punishable under cyber laws. Please keep away from personal attacks. The opinions expressed here are the personal opinions of readers and not that of Mathrubhumi.