Telangana: Farmer commits suicide after demonetisation of high value note

Telangana: Farmer commits suicide after demonetisation of high value note :  On Thursday, the local police said that after the government’s shock decision to withdraw high denomination notes from circulation, a farmer in Telangana committed suicide fearing she would be left penniless.

Kandukuri Vinoda, 55, had a large amount of cash at her home in the form of note of Rs 500 and Rs 1,000 and got panick after hearing Prime Minister Narendra Modi’s surprise announcement on Tuesday night.


The local police officer – Raj told media that the family told after hearing about the demonetisation of high value note, she got panick and hanged herself at her home.

Vinoda who is from Mahabubabad district, Hyderabad city, had sold some land to her in the last month and was paid around Rs 55 lakh rupees for it in cash.

As per the local reports that she used some of the money to pay her husband’s medical bills and also planned to buy a new plot of land.

The demonetisation of the notes is part of Modi’s campaign against black money and corruption. The Central  government has tried to reassure worried citizens that only tax dodgers will suffer under the move.

Uttar Pradesh Police said that they were investigating reports that people were burning off sacks of notes to avoid declaring them and being landed with heavy penalities.

Police Chief of Bareilly District – Joginder Singh said that we have sent the samples for forensic tests and asked bank authorities to authenticate these are currency notes.