Bank manager held in Jeweller suicide case at Innange

Mangalore Today News Network

Udupi, July 18,2017: The Udupi district police have arrested two persons for allegedly cheating the Innanje Cooperative Agricultural Bank to the tune of Rs. 64 lakh at Innanje village in Udupi district .

It may recalled that Shankar Acharya (50), his wife Nirmala Acharya (45), their daughters, Shruthi Acharya (24), an MBA graduate, and Shreya Acharya (21), an MCA student, had allegedly committed suicide in their house in Padubelle on the morning of July 13. Shankar Acharya owned a jewellery shop in Padubelle.

K.T. Balakrishna, Superintendent of Police, told media on July 17, Monday that the police had arrested two persons – Umesh Amin, Manager of the Bank, and Umesh Acharya, gold ornaments appraiser of the bank – for colluding with Shankar Acharya and cheating the bank.

Shankar Acharya had deposited 2.7 kilograms gold ornaments with the bank in 92 transactions, and had taken loans to the tune of Rs. 64 lakh on these ornaments.

On examination, the bank found that except for 150 grams of gold, the rest were silver ornaments for which gold plating had been given. Shankar Acharya got information about this on the afternoon of July 12. “We suspect that Shankar’s  fear that this scam would get exposed might have prompted him to take the extreme step of suicide on the morning of July 13. But this at this point in time is only a theory it needs to be established by investigations. Whether he poisoned his family members or it was a combined agreement  too needed to be investigated,” said the SP.

A case has been registered against Amin and Umesh Acharya based on a complaint given by the managing director of the bank. Based on the complaint, both were arrested and produced before the court here, which remanded both in judicial custody for 14 days, SP Balakrishna stated.