Termites feast on Rs 5 lakh cash saved by man to build a new house

22-02-2021

A pig-rearer from Vijayawada suffered the biggest shock of his life on Tuesday after he found termites had turned his hard-earned savings into scraps. Jamalayya, a local pork seller, from Mylavaram had stored Rs 5 lakh cash inside a trunk his house and was planning to use it to build a new house for his family, according to a News Minute report. As he fell short of Rs 1 lakh to invest in a business, he decided to open his old trunk box to check on his savings. When he finally opened it, he found his life's savings was devoured by termites. Jamalayya wanted to check the money as he had to repay the debt. Unable to bear the shock, he cried out loud before collapsing on the floor. Following the discovery, Jamalyya's family emptied the trunk on a bid and tried salvaging what was left. The savings had currency notes of Rs 500, Rs 200, Rs100, Rs 20, and Rs 10. Locals informed the matter to Mylavaram police after seeing the shredded currency notes in the hands of children. Jamalayya broke down when police sought the details of the cash. He said it was his life's savings to buy a new house. Moved by the incident, Bank of Baroda officials in Vijayawada approached Jamalayya's for compensation. "Depending on how much Bank of Baroda will pay, we are planning to do a panchnama on the balance amount and send it to the Reserve Bank of India (RBI)," an official said. To add to the family�s problems, they don�t even have a bank account. However, the police have promised to extend help.