A 46-year-old man from Fermai near Ulayibettu ended his life, blaming MCC Bank Chairman Anil Lobo for alleged harassment over loan repayment.

Tragic incident and allegations

The deceased, identified as Manohar Pereira, reportedly faced financial distress following losses during the Covid-19 pandemic. He had taken a loan from MCC Bank to construct his house, which remained incomplete and was eventually confiscated due to non-repayment.

Before taking the extreme step, Pereira posted a video on social media accusing MCC Bank Chairman Anil Lobo of harassment related to his loan.

Circumstances surrounding the case

Pereira, who was also battling physical health challenges due to a paralysis-related leg injury, faced mounting financial pressure, leading to his decision.

Police investigation

The Kankanady rural police have reached the scene and initiated an investigation into the incident. The video and the circumstances leading up to Pereira’s death will be central to the inquiry.

Call for accountability

This incident raises concerns about the handling of loan-related distress and the mental health of borrowers. Authorities are urged to ensure fair practices and adequate support for individuals facing financial challenges.