Kerala man facing attachment of house due to loan default found hanging

Mr. Jindal
2 Min Read

A man was found hanging in his house at Kurumassery in Parakkadavu panchayat in Ernakulam rural limits in Kerala on Tuesday reportedly in the face of imminent attachment of his house by Kerala State Cooperative Bank following a loan default.

The deceased was identified as Madhu Mohanan, 46, was working as a driver after returning from West Asia. He was alone in the house. The victim’s brother who lives nearby found him hanging around 10.30 a.m. Though he was rushed to the Angamaly Government Hospital, he was declared brought dead.

P.P. Joy, a member of the Parakkadavu grama panchayat, said that Madhu had taken a housing loan for around ₹21 lakh more than a decade ago. The liability had soared to around ₹38 lakh following default.

Reportedly, the bank, after giving extended periods to clear the outstanding dues, had warned of attaching his house a day prior to his death. The deceased had been trying to sell his house and property to clear the debts and had asked the bank for another 15 days after he reportedly found an interested party, Mr. Joy said.

The Chengamanad police have registered a case for unnatural death.

(Suicide Prevention Helpline: Disha – 1056, 0471-2552056)

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