Telangana man dies by suicide after losing money in cryptocurrency

Telangana man dies by suicide after losing money in cryptocurrency

Photo for representation.

Hyderabad, November 25

A man in Telangana's Suryapet town allegedly committed suicide after losing money in cryptocurrency, police said.

G. Ramalingaswamy (36), hailing from Khammam, allegedly killed himself by consuming poison at a lodge in Suryapet town.

Police late on Wednesday recovered his body from a room after the lodge owner lodged a complaint that the person staying in the room was not responding to door knocks.

Police shifted the body for autopsy. A police official said the man may have resorted to take the extreme step on Tuesday.

Police also recovered a suicide note left behind by the man for his wife.

According to the family members, the man along with two friends had been investing in online trading on cryptocurrency app. They initially invested Rs 10 lakh and after getting some good returns increased the investments but suffered huge losses. He had reportedly lost Rs 70 lakh, which he had raised through loans.

They alleged that those who had lent him money had started pressuring him to repay. They had taken away his car and made him sign some cheques.

Shocked over losing the money and unable to bear the alleged harassment by the lenders, Ramalingaswamy went to Suryapet town on November 22 and was staying in a lodge.

IANS

Tribune Shorts


Top Stories

India’s first Omicron cases: One is South African, second a local doctor with no travel history

India’s first Omicron cases: One is South African, second a local doctor with no travel history

Five contacts of doctor also test positive and their samples...

India's first two Omicron cases detected in Karnataka, says government

India's first two Omicron cases detected in Karnataka

Govt says need not panic about Omicron detection but awarene...

Supreme Court slams Delhi govt over ‘Red Light On, Gaadi Off’ campaign

Supreme Court sets 24-hour deadline for govt to come up with concrete measures on air pollution

Bench hints at setting up task force; pulls up Delhi govt fo...

Delhi schools to be closed from Friday till further orders due to pollution

Delhi schools to be closed till further orders due to pollution

The decision comes after the Supreme Court on Thursday pulls...

Cities

View All