Loan recovery: Man commits suicide


Police have given the name of the deceased as Venkatesh (45).

It is said that Venkatesh owned a house in Amruthahalli. A recovery team of State Bank of Travancore (SBT)  visited his house on Sunday seeking repayment of the loan.

However, according to Chandrakant, the son of Venkatesh, four persons - Siddenagowda, Hanumanthappa, Nanjunda, Anil and Suresh, had created fake documents on the the same property and availed Rs 8.4 lakh loan from the bank.
Chandrakanth alleged that he had lodged a complaint at Sampigehalli police station in this regard against the four some three years ago. The police had not acted on his complaint, he charged.

It is learnt by Deccan Herald that in 2006, Venkatesh had in fact found out about the fake title deed and along with his relatives had brought the accused to Chikkajala Police Station.

Complaint lodged

“We had lodged a complaint. On March 26 2009, we had produced two of the four people involved in the fraud case in the Chikkajala Police Station where the accused had repaid Rs 50,000 of the Rs 8.4 lakh loan to the Bank.

They had also given an undertaking that the rest of the amount would be paid by them in the next three months,” said a grieving relative of Venkatesh.

It is said that the police official who tried to work out  a compromise was suspended in a different case later in the year.

Case transferred

Following the inclusion of the Chikkajala Police Station into city limits, the files were transferred to Bangalore Rural. After a pursuit, the relatives of the deceased got the files transferred by a order from the High Court.

In the meantime, the SBT officials visited Venkatesh who under heavy depression took the extreme step. Venkatesh had built a three-floor house four-and-half years ago by raising a loan from known people.  

Duplicate papers

It is alleged over 200 properties in Amruthahalli, Agrahara Layout have duplicate paper and a CID is looking into the matter.

The problem of duplicate title deeds started some 20 years ago, when the government distributed land to the Below Poverty Line families under the Ashraya Scheme.

Comments (+)