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Did demonetisation force this bank manager to commit suicide?

  • Raviraj was working in SBM for 30 years and was recently posted as manager in the cash section
  • Recently a local news channel had claimed that he was involved in exchanging new currency notes illegally
  • He was suspended from the bank, but the officers say that he has a clean record for 30 years
SBM manager Raviraj suicide demonetisation CBI chargesheet
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Raviraj, 58, a senior manager in SBM branch at Avenue Road in Bengaluru was found hanging from the ceiling of his bedroom on Wednesday.


He was staying at Vannarpet near Viveknagar in a joint family along with his brother Gopal, wife Revati and two children. Raviraj was serving in SBM for 30 years and was recently transferred to KG Road branch as a manager in the cash section.


On Wednesday, after the morning walk, he returned home and went into his room. But when he did not come out nor answered anyone, his brother broke open the door and found Raviraj hanging from the ceiling.


Recently, Central Bureau of Investigation (CBI) had interrogated him, and the bank had suspended him for misusing his power by exchanging new currency notes. It is alleged that he had exchanged ₹20 lakh worth new currency notes for one of his close friends. 


Sources say that some local news channel telecast a derogatory report on him after the CBI investigation which made him go into depression.


His colleagues in the Avenue Road branch say that CBI might prepare a charge sheet against him. However, the general manager of SBM says that he has a clean service record and he did not have any black mark throughout in his service of 30 years.


Police sources say that the reason for this suicide is not yet known and the investigation is going on.

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