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Slain IOC official's kin given Rs. 26 lakhs compensation

Bangalore Bureau

KOLAR GOLD FIELDS BANGALORE: The family of Manjunath Shanmugam, the Indian Oil Corporation (IOC) executive who was murdered by the oil mafia in Uttar Pradesh on November 19, on Thursday received a compensation of Rs. 26 lakhs from the company.

Union Minister of State for Shipping, Road Transport and Highways K.H. Muniyappa visited Manjunath's residence at Viveknagar in Kolar Gold Fields and presented a cheque for Rs. 26 lakhs to his parents. The Minister represents Kolar in the Lok Sabha. Manjunath, a 27-year-old graduate of the Indian Institute of Management, Lucknow, was a field officer of the IOC in Uttar Pradesh. He was allegedly shot dead by a petrol station owner in Lakhimpur Kheri after he detected that kerosene, supplied through the Public Distribution System, was being mixed with diesel.

Mr. Muniyappa told presspersons that Union Minister for Petroleum Mani Shankar Aiyar had agreed to his request to announce a financial package of Rs. 26 lakhs for Manjunath's family. IOC Chairman Sarthak Behuria was present on the occasion. The Minister said the IOC has agreed to provide employment to a member of Manjunath's family on compassionate grounds. Shanmugam, Manjunath's father, urged the Minister and the IOC Chairman to sanction an LPG (liquefied petroleum gas) distributorship in Bangalore to Manjunath's mother and provide employment to one of his sons.

He also sought additional compensation. Mr. Shanmugam told The Hindu that it is unfortunate that the Deputy Commissioner of the district has not visited him although his son sacrificed his life to fight corruption.

Bank's gesture

The Punjab National Bank has written off an education loan of Rs.1.73 lakh outstanding against Manjunath. He had taken a loan of Rs. 1.5 lakh to study at the IIM. The bank has decided to remit the insurance claim of Rs.1.5 lakh to his family after settlement with the Life Insurance Corporation of India.