Man dies by suicide in Kerala after cooperative bank refuses to return deposit

According to the FIR, the Perumpazhuthoor Cooperative bank authorities refused to return his deposit of ₹5 lakh despite multiple requests.

ByPTI

Published May 02, 2024 | 7:16 PMUpdatedMay 02, 2024 | 7:29 PM

Dead. Representational Image

A 52-year-old man who consumed poison recently after a cooperative bank in Thiruvananthapuram in Kerala allegedly refused to return his deposit has died, police said on Thursday, 2 May.

Police said Maruthathoor resident Somasagaram, who was hospitalised since 19 April after he consumed poison, died at a hospital in Thiruvananthapuram on Wednesday.

Launching an investigation into the incident, the police said inquest proceedings under Section 174 of the Code of Criminal Proceedings (CrPC) have been initiated.

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The FIR

According to the FIR, the Perumpazhuthoor Cooperative bank authorities refused to return his deposit of ₹5 lakh despite multiple requests.

The FIR states that he was depressed as he sought money for the marriage expenses of his daughter and consumed poison on 19 April. He died on Wednesday night.

His 86-year-old father told the media that his son had deposited some hard-earned money in the bank.

“He has been asking the bank for the past six months to return the deposit, but they refused. Finally, they started threatening him. He took the extreme step because of the bank’s attitude,” his father said.

Meanwhile, the bank authorities told the media that there was a financial crunch and that it was unable to honour the requests of the customers for their deposits as there was a delay in the recovery of loans.

The authorities claimed that they had returned the money of some customers who insisted. They also added that after his suicide attempt, the bank had agreed to return the deposit by 30 June.

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