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Udupi: Suicide pact- Jeweller had pledged fake gold worth Rs 65 lacs at bank


Daijiworld Media Network-Udupi (UM)

Udupi, Jul 16: A new lead has emerged in the suicide pact case of Padubelle where the four members of the family were found dead.

Now it has been revealed that deceased jeweller Shankaracharya had pledged gold worth Rs 65 lacs at Innanje cooperative bank, Padubelle branch.

The bank staff developed some suspicion after the death of the jeweller as Shankaracharya had pledged lot of gold at the bank. When they checked, they discovered to their surprise that the gold pledged with them for the value of Rs 65 lacs was fake.

Police in Shirva have taken up the investigation after this new lead emerged lead.

It is said that Shankaracharya lived a luxurious life and possessed two cars and two bikes till he died.

More details will follow.

Earlier report

Udupi: Mass suicide by Padubelle family - Financial issues most likely reason

Daijiworld Media Network - Udupi (SP)

Udupi, Jul 16: District superintendent of police, K T Balakrishna, is leading an investigation undertaken by Shirva police about mass suicide by all four members of a goldsmith's family at Padubelle near Shirva on Thursday morning.

The police have undertaken detailed inspection of Shankaracharya's house and jewellery store that have been taken into possession by them for investigation. Their investigation is moving ahead from different angles, and documents relating to bank transactions, account books of the shop and other papers are being verified to conclude the reason which prompted Acharya to kill himself and other family members.

The police who have verified calls made by Acharya's cellphone reportedly found that he had sought loans from a few people to conduct elder daughter's marriage on September 3, and a few had promised to lend to him before that date. He had raised finance from chit fund and borrowed at high rate of interest to pay college fees of younger daughter. Mounting debt mismatched by dwindling income perhaps was playing on his mind and he would have been in a quandary over performing the marriage of his daughter by spending heavily, it is being thought. He perhaps decided to feed cyanide to family members too because his love and care for them as his death would have made them to face insult and bleak future.

People have been discussing many theories about these deaths and one hopes that police will be able to find out the exact reason for this mass suicide that has shocked the region. Shirva police station house officer Narasimha Shetty, under the guidance of Kaup police circle inspector, Halamurthy Rao, is investigating the case.

Comment on this article

  • Jossey Saldanha, Mumbai

    Mon, Jul 17 2017

    Shankaracharya cannot defend himself because he is dead & gone.
    Please stop making fun of him or take advantage of his absence ...

    DisAgree [2] Agree [13] Reply Report Abuse

  • Rudolf Rodrigues, Mumbai

    Sun, Jul 16 2017

    Cooperative banks r a hot bed of corruption; recently one pretty famous 'Kapol coop bank' went into trouble!!

    If what has happened in this case is true, the police should get deeper n go ahead and press for a forensic audit of this bank's accounts n I am sure many other such frauds will surface!!

    DisAgree Agree [6] Reply Report Abuse

  • Abdul Narayan D'Souza, Udupi

    Mon, Jul 17 2017

    You want police to order "forensic audit" of a co-operative bank? Anything else in your wishlist?

    Do you honestly think the local police have the competence or time to review the financial transaction of a co-operative bank? It is the job of the Registrar of Societies and not the police.

    DisAgree [1] Agree [1] Reply Report Abuse

  • Rudolf Rodrigues, Mumbai

    Mon, Jul 17 2017

    Read my post again!!
    I said they should "press" for an audit, which would be done by the concerned authorities!!

    DisAgree Agree Reply Report Abuse

  • Saroja Poojarthi, Kundapura/Bengaluru

    Sun, Jul 16 2017

    Looks like every bank must employ a jeweler in each branch. Else this loss is much higher than paying them salary!

    DisAgree Agree [9] Reply Report Abuse

  • Rudolf Rodrigues, Mumbai

    Sun, Jul 16 2017

    If now the bank claims that gold is fake then definitely the valuer n the bankers who sanctioned such a big amount r also involved!! Something might have happened between them n they might have fallen out on the issue!!

    Nowadays many cases r cropping up where bankers r hand in glove with fraudsters!
    Yesterday a gang of 3 was apprehended in Bangalore who were cloning credit cards since 8 years n the siphoned of money could be over 100 crores, n this was done in collusion with numerous businessmen who allowed them to swipe cards at their POS swiping machines for a hefty commission with the knowledge of bankers, it was a money spinning biz for all involved, these guys too were leading super luxurious lives with each having multiple girl friends!! This is the sorry state of affairs today, wherein top level bankers too not hesitate to join hands with criminals to get rich fast!!

    DisAgree Agree [14] Reply Report Abuse

  • john, mangalore,/kuwait

    Sun, Jul 16 2017

    yesterday i read about his honesty! and the news also mentioned that he was a honest man!! if he was honest then why he has to cheat the bank by depositing fake gold? why the bank didnt hire a jeweller for checking such a huge amount of gold? can anyone answer my questions?

    DisAgree [3] Agree [23] Reply Report Abuse

  • Hanif Mohammad, Sharjah

    Sun, Jul 16 2017

    WHO LEFT IN THE FAMILY TO COUNTER THE ALLEGATION?

    DisAgree [2] Agree [7] Reply Report Abuse

  • Nancy, Mumbai.

    Mon, Jul 17 2017

    Like kannada proverb-"beli hullu meyithu"i.e fence ate all grass. So the banker also included in this.

    All are corrupt from head to toe...

    No one can wipe out corruption in the country.

    DisAgree [2] Agree [1] Reply Report Abuse

  • Navin Shetty, Manipal/ Bahrain

    Sun, Jul 16 2017

    Something fishy here, doesn't bank verify the gold with their selected jewelers before they get it for pledge?. I hope they are not misusing the situation.

    DisAgree Agree [42] Reply Report Abuse

  • ivan frank, Mangalore

    Sun, Jul 16 2017

    Was the Bank people sleeping when he pledged artificial jewellery not for a few thousands but for 60 lakhs. The manager or whoever was responsible to sanction this loan must be taken to task .This is not a small amount. Because I have taken gold loan. And it was strictly monitored. Of course it was for a few thousands of rupees and and not half a crore. This will be possible without the cooperation from the bank officials. I am sorry that this family had to commit suicide because of the negligence of the concerned bank staff.

    DisAgree Agree [19] Reply Report Abuse

  • u. suresh, udupi

    Sun, Jul 16 2017

    There is every possibility the gold is changed into fake after the death of the jewller. Take the custodians of the gold and apply third degree the truth will come out.

    DisAgree [2] Agree [25] Reply Report Abuse

  • Rudolf Rodrigues, Mumbai

    Sun, Jul 16 2017

    Y would one commit suicide if the gold was real???

    DisAgree [8] Agree [7] Reply Report Abuse

  • Dinesh, Udupi.

    Sun, Jul 16 2017

    Here we elected JUMLA goverment, Shankaracharya made GAPLA to the Bank. All in all total GAPLA...ss.

    DisAgree [22] Agree [7] Reply Report Abuse

  • lukas, malpe

    Sun, Jul 16 2017

    there is suspicious about bank staff and management may be after the death of whole family replace original gold with fake one and share among themselves. bank share holder should ask for investigation .how come 60 lakh loan given without checking the quality of the gold by expert people.

    DisAgree [2] Agree [32] Reply Report Abuse

  • shan, dubai

    Sun, Jul 16 2017

    All are involved..... When they approve any loan, the Bank official must check the mortgaged item. Our Nationalised banks give huge loans to the people on the recommendation of politicians, or other higher authorities. i.e. Bhusan steel, Esser group, Mallya etc if all banks allowed loans on proper mortgage property than how Indian Banks are burden with Non performing assets????? Now this bank will blame the dead man..... Just like Banks are blaming Mallya..... How the loans were allowed and which bank officials approved the loan???? check and punish them.

    DisAgree [1] Agree [11] Reply Report Abuse

  • Mahathma, Mangalore

    Sun, Jul 16 2017

    What a joke!!! this much big amount r they check now??? may be bank is involved with this family death mystery. No doubt at all...... DAAL MAI ZAROOR KAALA HAI

    DisAgree [1] Agree [22] Reply Report Abuse

  • Jossey Saldanha, Mumbai

    Sun, Jul 16 2017

    All Banks who deal in Loans against Gold have Qualified Gold Valuers ...

    DisAgree Agree [40] Reply Report Abuse

  • Praveen, Mangalore

    Sun, Jul 16 2017

    I feel the gold valuer ( appraiser) is also involved and he may be taken his share from the shankar. Police should investigate it.

    DisAgree [3] Agree [18] Reply Report Abuse

  • Gladson, Mangalore

    Sun, Jul 16 2017

    This is fake news, bank manger is trying to take advantage...

    DisAgree [1] Agree [26] Reply Report Abuse

  • sri_elder, Karkala

    Sun, Jul 16 2017

    I think here bankers are showing some other fake jewellery instead of his own. Since the person is no more and banks can do anything now to claim insurance money and defame that family. Shame on those crooks...

    DisAgree [3] Agree [31] Reply Report Abuse

  • Vincent Rodrigues, Bengaluru/Katapadi

    Sun, Jul 16 2017

    NOTHING CAN BE COMMENTED NOW TILL THE INVESTIGATION IN THIS MATTER IS COMPLETED

    DisAgree [1] Agree [16] Reply Report Abuse

  • Shankar, Mangalore

    Sun, Jul 16 2017

    I think bank officials are taking advantage of the situation and planning to GULUM the pledged gold!!

    DisAgree [3] Agree [46] Reply Report Abuse

  • K.fernandes, Mangalore

    Sun, Jul 16 2017

    Gool maal hai bai golmal (Goldmaal) bank official are now garbing the opportunity. How could they patch such amount against verify the gold with appraiser?. If Bank is true, then catch hold of Appraise. May be all parties are hand in glue???? NO doubt truth will come out. But without concrete evidence, pls don’t pass silly comments on the deceased person. His act of suicide was foolish and cowered not only that he killed his family member too, which he had no right to do so.

    DisAgree [2] Agree [25] Reply Report Abuse

  • SKM, MANGALORE

    Sun, Jul 16 2017

    But the question is how the Bank accepted gold without verifying it as verifying gold is the precondition before accepting it. Even if he submitted fake gold it will create doubt among public as they know it after his death as dead men tell no tales

    DisAgree Agree [26] Reply Report Abuse

  • Peace lover mangalore, Mangalore

    Sun, Jul 16 2017

    Same question even with me too this is nothing but they are taking advantage how close he might to be the bank officer definitely they will fallow formalities when they lend loan.

    DisAgree Agree [10] Reply Report Abuse

  • Kishore, Mangalore

    Sun, Jul 16 2017

    Next BALI might be evaluator of cooperative bank

    DisAgree Agree [19] Reply Report Abuse

  • mohan sr., Mangalore

    Sun, Jul 16 2017

    I don,t believe this Bank officials claim of Fake Gold. What is bank officials doing so years after giving loan on gold ... I think Its Banks fake claim .. because he is already dead and this is the best opportunity to bank officials to swallow the money by claiming on dead person... What an Idea Sir !!!!!!!!!!!......

    DisAgree [4] Agree [60] Reply Report Abuse

  • Jagdish, Mumbai, UAE

    Sun, Jul 16 2017

    Very Valid point... No bank will give loan without evaluating purity of gold.. Catch the loan approving authority, then nice treatment then thing will come out.

    DisAgree [1] Agree [45] Reply Report Abuse

  • SMR, Karkala

    Sun, Jul 16 2017

    One of the other problem for this Jeweller to end life is the social menace called 'Dowry'.
    As his elder daughter is engaged and all set for marriage. The business losses and mounting additional responsibilities must have forced them for suicide pact.
    I would also say honest business practices will never lose the trust of his customers. But in our undivided Canara many jewellers are practicing fraud giving them substandard gold in exchange. In my own experience a decade earlier I wanted to exchange gold, I was surprised to know from jeweler in Middle East that gave me quality of 18 Carat which I had paid for 22 Carat. I never went to that jeweller again and I told everyone whom I knew not by from that jeweller.
    Jai Hind

    DisAgree [8] Agree [14] Reply Report Abuse

  • Sachidanand Shetty, Mundkur/Dubai

    Sun, Jul 16 2017

    So the real story behind this suicide case is unfolded and cases is almost solved!!! But now the question arrises how come bankers accepted this ornaments???

    DisAgree [2] Agree [31] Reply Report Abuse

  • Dinesh, Udupi

    Sun, Jul 16 2017

    Kindly let us know about Bashker Shetty murder ...

    DisAgree [2] Agree [30] Reply Report Abuse

  • Shivanand, Udipi / Qatar

    Sun, Jul 16 2017

    How bank can accepted fake gold? If we want to pledge even 10 Grams the bank will examine 100 times with their own Goldsmith and so many checking. Here Bank has to be questioned thoroughly by the authorities.

    DisAgree Agree [31] Reply Report Abuse

  • J.F.D SOUZA, Attavar, Mangalore

    Sun, Jul 16 2017

    Whatever it is.. But how Bank people accepted fake gold worth of Rs.60 lakhs and granted loan. Who is responsible for this? we people always think that Jewellers are financially sound but this Jeweller has become a pauper. How?

    DisAgree Agree [29] Reply Report Abuse

  • Mohammed Ilyas Byndoor/Dubai.U.A.E, Byndoor/Dubai.U.A.E

    Sun, Jul 16 2017

    Bank Gold appraisal & Manager/Staff will face the rest.,

    DisAgree Agree [18] Reply Report Abuse

  • S Fernandes, Mangalore

    Sun, Jul 16 2017

    If he has done this to his wife and daughters for whom he showed lot of love for all these years. it is really most unfortunate and sad incident. But why he has killed someones daughter and his own daughters. Really pity on family of his wife, who had trusted on him given their daughter in getting married. Really sad. RIP

    DisAgree [1] Agree [12] Reply Report Abuse

  • KRPrabhu, Mangalore /Bangalore

    Sun, Jul 16 2017

    Prudent Bank managers generally do not grant loan against security of jewels to goldsmith by profession .This is a undisclosed policy too in most of banks.Small banks,co op banks go not have proper jewel appraisal system.Hence problems.

    DisAgree [1] Agree [6] Reply Report Abuse

  • Evans Christopher Sumitra, Udupi/ New York, USA.

    Sun, Jul 16 2017

    Life has to go on but late Shankaracharya did not think it that way. He could have taken advice from his family members or reliable friends who could have worked out something. But it is too late as four precious lives have gone in a matter of minutes. Police personnel are still investigating deeply into this mass suicide,

    DisAgree [1] Agree [3] Reply Report Abuse

  • Flavian, Mangalore/Kuwait

    Sun, Jul 16 2017

    There are so many families live who live below the poverty line and sustain life and hardships. First people need to maintain simplicity and adjust life according to means or earnings. Poverty may bring some hardships but taking others life like this is un ethical. Such grown up girls would have done something to better living conditions but evrything washed away destroyed by brainless person.

    DisAgree Agree [7] Reply Report Abuse

  • Thomas Cutinho, Mangalore

    Sun, Jul 16 2017

    Such a beautiful family... It should not happen with anybody....Shankarachrya should have discussed his financial problems with his brother, mother and relatives and atleast they would have tried to help to perform his daughter's marriage. Now a days people are becoming too selfish and busy in competing others and they are dumb to listen any others problems...May God forgive the head of the family and grant them eternal peace.

    DisAgree Agree [21] Reply Report Abuse

  • Rita, Germany

    Mon, Jul 17 2017

    @Thomas cutinho mangalore,What you say is true.Who knows ,he was true proud to discuss with family members like mother brother etc.Or he had already lent money from them?The fact that his gold at bank was fake makes one speachless.How come bank accepted without proper varifying?He must have assured that he is a jeweller and bank believed him?thinking he had brought preveiously too ?The marraige matter must have thrown him out of his fake world,thought now is end of all wrong roads.But he killed his all family,because of made mistake.How bad and sad.Innocent people had to die ,because of him.Here we can makeout what a fake world can create when one doesnt get out of it as early as can.Truth can always is better then lies over lies.May their souls rest in peace.

    DisAgree Agree Reply Report Abuse

  • Jossey Saldanha, Mumbai

    Sun, Jul 16 2017

    I am sure the blackmailer had something incriminating about his family ...

    DisAgree [17] Agree [7] Reply Report Abuse

  • S.M. Nawaz Kukkikatte, Dubai

    Sun, Jul 16 2017

    The fact is Half of life our earning and saving amount we spend in one day for lavish wedding function for the social dignity some people borrow the loan from others and do the same.

    DisAgree [1] Agree [33] Reply Report Abuse

  • Santan Mascarenhas, Kinnigoli/Mumbai

    Sun, Jul 16 2017

    A home founded on borrowing and debt ceases to be a beautiful place to live. The world would be a better place if married couple are deeply in love instead of debt.

    DisAgree Agree [23] Reply Report Abuse

  • Kr, Pune

    Sun, Jul 16 2017

    That is the problem, people have become very materialistic. Some two days back, there was news about, employees from IT industry, who r planning to take out a protest march against layoffs. In Pune, itself one Mr Gowda a software professional ended his life by leaving a note, "that there was no job security in IT sector, and he had become depressed due to work pressure too". Youth of today, who go in for higher education spend lavishly, without thinking about saving or situations that would arise later on. And once they are removed from job, all that lavish lifestyle comes to a naught. They cannot face the real harsh world. So forget love. Love is only money today. I feel sad for the above family. God give peace to their souls.

    DisAgree [1] Agree [8] Reply Report Abuse

  • Jossey Saldanha, Mumbai

    Sun, Jul 16 2017

    In business every one takes loans that includes me too.
    Most successful businessmen run their empire on other peoples money.
    One lender was using unlawful means of recovery or blackmailing.
    This can be found out from Shankaracharya's Mobile records ...

    DisAgree [4] Agree [20] Reply Report Abuse

  • Shankar, Mangalore

    Sun, Jul 16 2017

    Shankaracharya is a foolish murderer.
    He could have killed himself alone leaving others to live. The daughters were educated and could make a living for themselves and could have taken care of the mother too.

    DisAgree [4] Agree [79] Reply Report Abuse

  • AndhBhakt, nayindahalli

    Sun, Jul 16 2017

    Ache din for poor people, Gobar service tax will add more ache schemes . Why Social outfits cant help or provide justice to people .There should be couselling centre for every districts that can sort the difficulties faced by citizens. People should start encouraging marriagges without lavishing money so nobody faces the burden.

    DisAgree [18] Agree [18] Reply Report Abuse

  • Evans Christopher Sumitra, Udupi/ New York, USA.

    Sun, Jul 16 2017

    Shankar, Mangaluru,
    I fully agree with your comments.

    DisAgree [1] Agree [12] Reply Report Abuse

  • Abdul Narayan D'Souza, Udupi

    Mon, Jul 17 2017

    What at absurd comment?
    In the hours and minutes leading up to the physical act of committing suicide, do you think the brain would function rationally? Do you even know what goes on inside his mind?
    If t he brain had the capacity to function rationally and logically, he should have taken a very high value life insurance; live out the minimum suicide exclusion period and then book a room in a hotel and consume cyanide.

    DisAgree Agree Reply Report Abuse

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