Controversy Surrounds Trader's Alleged Suicide Amid Banking Scandal

The suicide of a trader, Sabu, allegedly due to the withholding of funds by a CPI(M)-controlled cooperative bank has sparked protests and political debates. Veteran CPI(M) leader M M Mani suggested that Sabu may have had psychological issues, denying any wrongdoing by the bank.

The recent suicide of a small-time trader, Sabu, has ignited controversy and protests in Kattappana. Allegedly, the non-release of Rs 25 lakh by a CPI(M)-controlled cooperative bank drove Sabu to take his own life.

Senior CPI(M) leader M M Mani addressed the issue, suggesting that Sabu might have been struggling with psychological issues, arguing that the blame shouldn't fall on the party or the bank. Mani asserted there was no inappropriate conduct from the bank's side.

Amid the uproar, local Congress leaders have accused the bank of holding back Sabu's funds desperately needed for his wife's medical treatment, leading to tensions in the district.

(With inputs from agencies.)