India

73-yr-old in Kerala commits suicide over Rs 5 lakh in co-op bank in Kerala

73-yr-old in Kerala commits suicide over Rs 5 lakh in co-op bank in Kerala

Kottayam, Kerala: Demonetization is already tough for most of the people. While the utter thought of standing in long bank and ATM queues are making us tremble. Many people collapsed, died and also committed suicide.

A 73-yr-old man in Kerala has also committed suicide on Monday over Rs 5 lakh in co-op bank.

He was very much worried about the fate of his hard earned money in a service cooperative bank near Erumely in the district.

Police said. “Pambavali Theruvanparambil Omanakkuttan Pillai (73) was found hanging in his house Monday afternoon.They said Pillai had Rs five lakh in the Kanamala Service Cooperative Bank”.

“He was allegedly distressed after wide propaganda in the area that the money deposited in cooperative banks was not safe in the wake of the government’s demonetisation drive. This was reportedly the reason why he took the extreme step,” police said.