Couple found dead at house, kin alleges threat from bank
Thiruvananthapuram: A couple, who were reportedly facing a severe financial crisis, were found dead at their house in Karamana, allegedly after receiving a call from a nationalised bank informing them that their house would be attached on Monday as part of revenue recovery.
Police identified the deceased as Satheeshan, 55, of Keshava Bhavan near Kochu Kattanvila at Thamalam and Bindu V, 49. Bindu's body was found hanging in the bedroom and Satheeshan's body was lying on the floor.
"Only after a postmortem can we confirm whether it was suicide or whether there was any foul play. The cause of Satheeshan's death has also not been confirmed. There was some bleeding from his body," said police.
The relatives of the deceased alleged that the bank cheated the deceased by charging an enormous amount as interest on the loan taken.
According to relatives, Satheeshan took a loan of Rs 60 lakh about seven years ago. He suffered a stroke in 2021. Following this, he could not repay the loan amount. "Two years ago, the bank offered him some money as a top-up of the existing loan. However, he received no money, and the bank asked him to pay Rs 1.10 crore to avoid revenue recovery.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Is USDJPY on the Upward Move?
IC Markets
Sign Up
Undo
In April, the bank staff members had reached the house to seal the property, but due to the resistance by local people, they did not proceed with it.
The bank later directed him to pay back Rs 2 crore. Following that, he filed a case against the bank demanding a reassessment of the way the repayment amount was calculated and also for threatening him on the phone continuously," said Binu T, brother of Bindu.
Binu also said the family was planning to sell the house to repay the loan, but by projecting a huge amount, the bank ruined their plans to clear the dues.
Locals recently protested in front of the bank demanding justice by waiving off some part of the interest. But the bank was not willing to do so, alleged Binu.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Economic Times
24 minutes ago
- Economic Times
ITC shares in focus after Rs 472 crore acquisition of Sresta Natural Bioproducts
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Shares of ITC are likely to be in focus on Monday, June 16, 2025, after the company announced the completion of its acquisition of Sresta Natural Bioproducts Private Ltd (SNBPL) for a total consideration of up to Rs 472.5 to the company's filing, ITC has acquired the entire share capital of SNBPL, comprising 1,87,48,858 equity shares of Rs 10 each. The acquisition was made for an upfront cash consideration of Rs 400 crore on a cash-free, debt-free basis, subject to customary ITC may pay up to Rs 72.5 crore over the next 24 months, contingent on specific terms outlined in the Share Purchase this transaction, SNBPL has become a wholly owned subsidiary of ITC. Furthermore, SNBPL's overseas subsidiaries—Fyve Elements LLC (USA) and Sresta Global FZE (UAE)—have now become step-down wholly owned subsidiaries of ITC, effective June 13, transaction was concluded on June 13, 2025, the company is primarily engaged in the manufacturing and sale of organic food products under the brand '24 Mantra Organic'. The company operates across India and has developed a substantial organic value has a network of approximately 27,500 farmers and manages around 1.4 lakh acres of certified organic farmland spread across 71 clusters in 10 Indian states. In addition to its domestic market, SNBPL also has a presence in the US with its own distribution on March 9, 2004, SNBPL has consistently reported a consolidated turnover of over Rs 300 crore in each of the last three financial years. For FY2023–24, the company posted a turnover of Rs 306.1 crore, compared to Rs 327.3 crore in FY2022–23 and Rs 326.7 crore in FY2021– stated in its disclosure that the acquisition aligns with the company's strategy to augment its future-ready portfolio. The move is expected to strengthen ITC's presence in the high-growth organic products segment, both in India and international company also highlighted that the domestic organic food products sector holds significant growth potential, driven by increasing health consciousness, rising household incomes, and the growing reach of modern trade and e-commerce channels. ITC shares closed 1.7% lower at Rs 413.90 on the BSE on Friday.
New Indian Express
24 minutes ago
- New Indian Express
SIHS Colony ROB in Coimbatore to be completed only in August
COIMBATORE: The prolonged delay in the completion of the SIHS Colony Rail Overbridge (ROB) has angered locals and motorists in and around the Singanallur, SIHS Colony and Ondipudur areas in Coimbatore city. The completion of the 700-metre-long ROB being constructed by the State Highways Department is now expected only in August this year though it was to be ready by April. The department sources said 90% of the work on the Rs 55-crore project is over. However, its completion has been delayed once again as the works are being carried out at a snail's pace. The ROB between Ondipudur and SIHS colony was announced by the then-Chief Minister M Karunanidhi in November 2010 for an outlay of Rs 19.24 cr. Tenders were called for, and the State Highways Department planned to start the work. However, after the regime change in 2011, the works were halted. The project was revived in 2013, and the budget was revised to Rs 21.16 cr. The project stalled once again due to issues in land acquisition for the service road. As landowners moved for legal proceedings, the project was put on hold. Though the department completed 70% of the work, including 90% of the bridge construction, it was delayed due to negotiations and compensation for the landowners over land acquisitions. Based on the court's direction, the highway department started to lay roads after settling the compensation to the landowners.
New Indian Express
24 minutes ago
- New Indian Express
Man nabbed for illegal sale of railway e-tickets in Bengaluru
BENGALURU: The Railway Protection Force (RPF) of Satellite Goods Terminal, Whitefield, arrested a man for the unauthorised procurement and sale of railway e-tickets. On Friday, an RPF team raided a firm in Narasapura, Kolar district, and found the man engaged in the illegal activity. He was issued a summons under Section 180B of the Railways Act, 1989, and during the inquiry, he admitted to running an unauthorised ticketing business. According to a press release, the accused used multiple personal IRCTC user IDs to book e-tickets, which he sold to customers on demand, charging a commission of Rs 200–Rs 300 per ticket. He voluntarily handed over the mobile phone that was used. An examination of the device revealed four IRCTC user IDs and passwords linked to his email, one live e-ticket worth Rs 2,335, and 15 completed journey tickets worth Rs 42,310, a total seizure of Rs 44,645. After completing legal procedures, the man was booked under Section 143 of the Railways Act at the Bengaluru Cantonment Post and later released on a self-surety bail bond. The raid and investigation were led by sub-inspector Venkatesh Murthy and his team.
