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Debtor hangs self, bank denies strong-arm tactics

Debtor hangs self, bank denies strong-arm tactics
PTI
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First Published: Mon, Aug 06 2007. 05 35 PM IST
Updated: Mon, Aug 06 2007. 05 35 PM IST
Kolkata: A debtor hanged himself after being allegedly hounded by recovery agents of the State Bank of India.
Manabendra Mondal, a transporter, took his own life at his Belgachia residence on Sunday with his family alleging that he was driven to suicide after being “abused and threatened” by bank-appointed enforcement and recovery agents as he had failed to repay his loan.
The police have registered a case of unnatural death and was waiting for the post-mortem report.
Sources in the SBI, however, disowned responsibility and said Mondal, a member of Bengal Metropolitan Truck Welfare Association, took a loan of Rs 11.4 lakh in September, 2005, from the Shalimar branch for buying a lorry with the EMI fixed at Rs 20,000 per month.
“He defaulted after paying four EMIs and later partly repaid some amount,” the sources claimed.
After defaulting in payment he was only reminded of it by the bank’s recovery agent. “There is no iota of truth in the charge that Mondal was threatened and subjected to strong-arm tactics,” the sources said.
SBI Deputy General Manager (Howrah zone) S Sengupta said the bank had initiated an inquiry. “The bank has contacted Kumar Associates, which recommended the recovery agent, seeking an explanation.”
DCP (North) D Sen said no complaint was lodged with the police and the post-mortem report was awaited.
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First Published: Mon, Aug 06 2007. 05 35 PM IST