Bad Loans: Andhra Bank Officer Commits Suicide
Warangal: An Assistant General Manager of Andhra Bank committed suicide by jumping in front of a running train, as the loans he sanctioned turned bad after the debtors filed false credentials.
The officer, Krishnamurthy Nagarajan (58), was posted at Andhra Bank’s Hanmakonda Circle Office. He had sanctioned loans to several people during his earlier posting at Kolkata branch of the bank. However, recently, it was found that several of the debtors had filed false credentials to claim the loans. Following persistent questioning by senior officials, Nagarajan went into depression. According to Bank Officers’ Association, Nagarajan had also attended court cases regarding the loans. He was then transferred to Hanmakonda branch but the questioning continued.
The officer went into depression following persistent questioning by senior officials and the related court case.
On Monday, he resorted to the extreme step by jumping in front of a moving train. A note found on him by the police stated, “I sanctioned the loans in Kolkata. Now those people are not repaying. The bank incurred losses due to my actions.” Nagarajan is survived by wife and two children. The last rites are expected to be performed in his native place of Madurai after his children return from the US.
