Tuesday 14 October, 2008

Borivli deaths: Brother, sis had 72 credit cards



The following news appeared in the Mumbai Edition of Times of India

Borivli deaths: Brother, sis had 72 credit cards
Nitasha Natu | TNN


Mumbai: Financial woes are being confirmed as the prime reason for the deaths of four members of the Borivli family whose bodies were found inside their rented flat on Sunday.

Suchitra Nair, 46, and her brother Sudhir Nair, 42, had taken nearly 72 credit cards from various banks and credit-lending institutes, police officials revealed on Monday.The duo had also taken a Rs 8 lakh loan from a private bank to start a business in agriculture and dairy farming. A suicide note found at the scene said, “We have taken the lives of our parents and then our own.’’ Police said Suchitra’s former colleagues have identified the handwriting on the note as hers.

The two are suspected to have hanged themselves at their residence in Ekta Woods after allegedly killing their parents, A K Nair, 81, and Shyamal, 70. However, the police have registered a case of accidental death.

Suchitra and Sudhir Nair had 36 cards each and had also taken a Rs 8 lakh loan

The question that begs to be answered is that were all the banks sleeping when they issued them such a huge number of credit cards?

Why did the banks not use the services of CIBIL before issuing such a large number of credit cards to the brother and sister duo?

Should the banks not be charged with Culpable Homicide not amounting to murder?

And, this is not a stray case, banks are distributing credit cards on a platter and then when they are about to fail, they rush for bail-outs.

Stupid bank, stupid bankers!

No comments: