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Bank Loan Delay Alleged Cause Of Medico's Suicide

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  • Bank Loan Delay Alleged Cause Of Medico's Suicide

    BANK LOAN DELAY ALLEGED CAUSE OF MEDICO'S SUICIDE

    Deccan Chronicle, India
    Oct 29 2014

    Krishnagiri: A 23-year-old medico has committed suicide in Armenia
    apparently depressed over the Indian Bank refusing to give him
    education loan depsite court orders. The medico's father has lodged
    a police complaint against the officials of the Pochampalli branch
    of the Indian Bank who failed to release the loan amount.

    A third year medical student of Yerevan Medical University in Armenia,
    R.Kannadasan, 23, of Jambukuttaipatti village in Pochampalli taluk
    of Krishnagiri, committed suicide a few days ago. Despite the orders
    of the Madras High Court two years ago, the Indian Bank branch at
    Pochampalli in Krishnagiri failed to grant the loan amout, the boy's
    father, C.Raja alleged in his police complaint.

    The boy's father told Deccan Chronicle that Kannadasan joined a medical
    course in Yerevan medical university in Armenia after he was unable
    to get medical admission in Tamil Nadu.

    He went to Armenia through an agency that gave advertisements promising
    free medical education for students who pass the entrance test. But,
    the university after admittig Kannadasan asked him to pay $5,000 as
    the annual fee. His father sold the ancestral property and paid the
    fee for the first year. Kannadasan's friends and others supported
    him in the second year because of delay in getting education loan
    from Indian bank branch in Pochampalli in Krishnagiri.

    Kannadasan had applied for the loan in 2012 but that was delayed
    though Madras high court had directed the Indian Bank's Pochampalli
    branch to give Rs 20 lakhs as educational loan for Kannadasan.Despite
    court orders, the bank officials failed to give the loan for reasons
    not known, leading to the death of the Kannadasan, his father said.

    http://www.deccanchronicle.com/141029/nation-crime/article/bank-loan-delay-alleged-cause-medico%E2%80%99s-suicide


    From: Baghdasarian
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