Man finds his father’s old passbook,  became a billionaire – indiansupdate.com

Imagine stumbling upon what appears to be discarded junk, only to have it transform you into a millionaire overnight. This extraordinary scenario became a reality for Exequiel Hinojosa, a Chilean man who experienced an incredible turn of fate when he uncovered a hidden treasure worth millions within what seemed to be insignificant clutter. However, this was no ordinary discovery; the key to his newfound wealth was his late father’s unassuming bank passbook, a relic from a bygone era.

During a routine house cleaning, Exequiel stumbled upon an item that most would overlook as mere debris. Upon closer examination, he realized the true significance of the find – it was his father’s forgotten bank passbook, a connection to a past era. With his father’s passing a decade ago, the knowledge of this bank account had faded into obscurity.

Dating back to the 1960s-70s, Exequiel’s father had deposited a sum of around 1.40 lakh Chilean pesos, envisioning a future home purchase. While this amount translates to approximately $163 in today’s currency or 13,480 Indian rupees, its value exceeded its numerical representation in the context of that era.

Initial excitement turned to uncertainty as Exequiel learned that the bank associated with the passbook had long ceased operations. Moreover, many others held similar passbooks from the same institution, casting doubt on the possibility of reclaiming the funds. However, a glimmer of hope emerged from a crucial detail inscribed on the passbook – the phrase “State Guaranteed.” This assurance indicated that the government would intervene to ensure repayment if the bank faltered.

Despite the government’s refusal to honor this guarantee, Exequiel embarked on a determined legal battle. He took his case to court, passionately arguing that the funds represented his father’s hard-earned savings, backed by a government commitment. After careful consideration, the court ruled in Exequiel’s favor, compelling the government to restore an astonishing 1 billion Chilean pesos, equivalent to 1.2 million dollars (approximately 10 crore Indian rupees), along with accumulated interest and allowances.

While the government has contested the lower court’s decision by elevating the case to the Supreme Court, the final outcome remains uncertain. Nevertheless, Exequiel’s remarkable journey serves as a testament to the profound impact of unearthing forgotten relics. It highlights the notion that even seemingly insignificant items have the potential to reshape destinies in the most unexpected ways.