Large debt, the specter of eviction and a last-minute change to a million-dollar life insurance coverage coverage culminated in a Massachusetts father killing his spouse and daughter earlier than taking his personal life inside their $5 million house, in response to a report.
Rakesh Kamal, 57 and his spouse, Teena, 54, and their 18-year-old daughter Arianna, have been discovered useless of their Dover mansion because of a murder-suicide, authorities mentioned.
4 days earlier than the tragedy, a fax signed by Teena Kamal was despatched to Virginia-based life insurance coverage firm Genworth requesting a change to her $1.25 million life insurance coverage coverage, in response to the Boston Globe.
The doc sought to make Teena Kamal’s husband and daughter the first benefactors whereas including Rakesh’s brother, Manoj Kamal because the contingent or backup beneficiary.
The unique coverage for Teena, 54, listed Rakesh, 57, who glided by Rick, as the only main benefactor whereas Arianna was filed because the contingent, in case of her father’s dying.
Since January, Rakesh’s brother, Manoj, and Teena’s brother, Sandeep Bedi, are entangled in a court docket battle as they uncover their siblings’ darkish monetary previous.
Following the three deaths, Manoj, who was the one to find the our bodies inside the house, filed a declare with the life insurance coverage firm to gather the payout from the coverage.
Bedi, who’s administering his sister’s property, had “raised issues” with the corporate relating to the circumstances of the deaths and the change of beneficiary kind, in response to the outlet.
Trapped with a choice on who the cash goes to, the life insurance coverage firm requested a federal court docket in Boston in April to determine the coverage’s final beneficiary.
Manoj and Bedi have till Aug. 2 to answer the submitting.
The 2 males can both settle or enter a doubtlessly prolonged civil trial which may make clear the motive behind the murder-suicide perpetrated by the reported “doting” father.
Rakesh Kamal had amassed huge debt from the $3.8 million mortgage he took out on the $4 million property he bought together with his spouse on Valentine’s Day 2019, to a six-figure mortgage from a member of the family and a collection of poor enterprise offers out and in of the Boston space.
The software program developer and entrepreneur had borrowed $500,000 from Bedi together with “a considerable sum of cash,” from his brother Manoj, two separate affidavits seen by the Boston Globe declare.
Rakesh had demanded his brother-in-law to not inform Teena concerning the mortgage.
“I might by no means in my wildest desires query what Rick is doing,” Bedi informed the paper in January.
“We put him on a pedestal so excessive you can not think about,“ he added. “So now, for us to reconcile not simply that he murdered my sister and my niece, however that he was mendacity to us for years — it simply can not even sink in.”
Together with the large debt, a Chapter 13 chapter declare was filed in Teena’s title in Sept. 2022 itemizing liabilities between $1 million and $10 million, Boston 25 Information reported, citing Federal Chapter claims.
The case was dismissed a month later when the required kinds weren’t filed.
In Dec. 2022, the Kamals have been ordered to vacate their 21-room Dover mansion, earlier than being served with eviction proceedings in Could 2023, in response to the Boston Globe.
Rakesh additionally owed $760,000 to a Maryland-based firm nTech Join after they loaned $550,000 to an organization Rakesh operated, Cambetas in Dec. 2022.
For the enterprise mortgage, Rakesh Kamal claimed he would personally repay in 4 months as he was ready for an “worldwide wire switch.”
He had assured the mortgage himself and utilizing his widowed mom’s house in Woburn as collateral as his Dover residence was within the means of being foreclosed.
Bedi and the Norfolk District Lawyer’s Workplace imagine Teena died with out figuring out about her husband’s huge debt.
“Teena had no clue that there have been monetary issues,” Bedi, informed the Boston Globe. “She thought that they have been rolling in cash.”
If the case goes to court docket, Manoj would argue for the insurance coverage firm to observe the latest revision of Teena’s coverage, with the cash going to him because the contingent beneficiary.
Bedi’s argument would middle across the validity of the coverage change request kind “questioning its shut proximity to the slayings, or calling into query whether or not the signature was actually Teena Kamal’s.”
Teena’s signature had a witness nevertheless it was not revealed who it was.
Genworth coverage doesn’t enable the witness to even be the beneficiary.
If a choose or jury sides with Bedi’s argument, the life insurance coverage coverage could be determined based mostly on the unique one, however as a result of the unique listed benefactors, Rakesh and Arianna are useless, the cash would go to Teena’s property.
The cash would first repay legal professional’s charges, funeral bills, and any excellent taxes earlier than being issued to collectors after which subsequent of kin.
As a result of Teena Kamal died with no will, the remaining property would go to her mother and father in India.
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