Debt-ridden businessman shoots himself after writing 4 suicide notes

[email protected] (CD Network)
June 10, 2014

Bangalore, Jun 10: A debt-ridden businessman ended his life by shooting himself in the chest in front of Taralabalu Kendra in R?T?Nagar police limits on Monday afternoon in Bangalore.

The deceased is Raghavendra (33), the eldest son of V Ramaiah, who retired as Deputy Commissioner of Police (Public Relations), Bangalore City, a year ago.

It is believed that he took the extreme step as he had suffered losses in business. He owned two trucks and operated them to transport sand. He was a partner in real estate and cement business with some of his friends.

Raghavendra pumped a single bullet into his chest with his father 's licensed revolver sitting in his car and died on the spot, police said. He would always carry his father 's revolver whenever he went to his farmhouse. Nobody in the family suspected when he went out with the weapon on Monday, as it was a routine affair.

Raghavendra had left four suicide notes addressed to his father, mother, wife and the RT?Nagar police inspector. In the letter to the inspector, he held himself responsible for the act and pleaded not to harass his family members for his act. He said he decided to take the extreme step due to a financial crisis, police said.

“It is a clear-cut case of suicide and there is no foul play,” DCP?(North) Sandeep Patil told Deccan Herald. A CCTV camera installed at the Taralabalu Kendra building captured the act.?The police would analyse the footage to ascertain how the incident took place, he said.

In the second letter addressed to his father, Raghavendra has apologised for his act.

He had borrowed Rs four lakh for his friend Umesh and Rs two lakh for himself. He found it difficult to repay the loans as his business did not progress as expected.

Two other letters were personal in nature as they were addressed to his mother and wife. Hence, the police did not open them and handed them over to the women, the DCP said.

All the four letters were word documents typed on a computer. He had given them to his car driver Manju, saying that the letters would be collected later. Manju handed over the letters to the police after the incident.

Raghavendra was married to Meena seven years ago and has two daughters. Earlier in the day, Raghavendra dressed up his daughters and sent them to school.

Clad in half-pants, he went out, informing Meena that he was going to a saloon. He sent a message to his friend?Madhu, using WhatsApp and requesting him to come near Taralabalu Kendra at 11 am.

He sent another message some time later, requesting him to be there by noon as he wanted to discuss a business issue.

He sent similar messages to a couple of his friends, said Raghavendra 's business partner.

“I called him up, but there was no reply. I contacted Madhu and we went there and noticed his car from a distance. It was parked on the roadside and his number was not reachable when we called,” he said.

They noticed him in the driver 's seat, leaning on the door. They grew suspicious as the doors were locked from inside. They then forced open the door. “We were shocked to see him in a pool of blood with injury marks on the chest. We rushed him to the hospital where he was declared brought dead,“ he said.

suicide

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News Network
March 8,2020

Bengaluru, Mar 8: The economic slowdown in the country had a cascading effect on Karnataka, as its growth rate for outgoing fiscal 2019-20 is projected to be 6.8 per cent against 7.8 per cent in the last fiscal (2018-19), a senior official said on Saturday.

"The Gross State Domestic Product (GSDP) is estimated to be 1 per cent less at 6.8 per cent for this fiscal from 7.8 per cent in the last fiscal due to slowdown in manufacturing (industry) and services sectors," an official of the state finance department told media.

Though the agriculture sector has revived from 1.6 per dent in the drought-hit last fiscal (2018-19) to register 3.9 per cent this fiscal, growth rates of industries and services will be 4.8 per cent and 7.9 per cent for 2019-20 against 5.6 per cent and 9.8 per cent respectively in 2018-19.

"The GSDP is projected to grow at 6.3 per cent in the ensuing fiscal of 2020-21 due to continued slowdown in the national economy," the official hinted.

According to the state's economic survey for 2019-20, the farm sector grew more than double to 3.9 per cent from 1.6 per cent a year ago due to increase in the production of foodgrains, dairy products and fish catch.

Foodgrain production across the state rose to 136 lakh tonnes from 128 lakh tonnes a year ago, the survey revealed.

"In line with the national Gross Domestic Product (GDP) growth rate decline, Karnataka's GSDP has declined from a high of 13.3 per cent in 2016-17 to a low of 6.8 per cent in 2019-20.

"The GSDP has declined from a double-digit growth of 10.8 per cent in 2017-18 to 7.8 per cent in 2018-19 and 6.8 per cent in 2019-20," the survey pointed out.

The survey has adopted the all-India growth rate for the services sector growth in the state, which reflects the impact of slowdown in the key sector.

At current prices, the southern state's GSDP is expected to be Rs 16,99,115 crore (budget estimates) with a 10 per cent growth rate in the next fiscal (2020-21).

"Real estate, professional services and ownership of dwellings contributed 35.31 per cent to the GSDP in 2019-20, followed by manufacturing with 15.32 per cent, trade and repair services 9.51 per cent and crops 7.44 per cent," said the survey findings.

Per capital income in the state at current prices is estimated to be Rs 2,31,246 in 2019-20, an increase of 8.8 per cent from Rs 2,12,477 in 2018-19.

"The per capita income in the state is 58.4 per cent more than that of all-India rate at Rs 1,35,050 in this fiscal," the survey added.

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News Network
May 21,2020

Bengaluru, May 21: The prestigious Bengaluru Tech Summit (BTS) on Wednesday been postponed to November 19 to 21 2020 in view of the prevailing conditions.

A decision to this effect was taken at a meeting chaired by Deputy Chief Minister C S Ashwathnarayan, who is also the Minister for IT/BT, here.

Originally, the BTS was scheduled for September 21-23 this year. However, owing to anticipated inability of international delegates to attend the summit in view of Covid-19, BTS has been postponed, informed Dr Ashwathnarayan.

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News Network
January 4,2020

Karwar, Jan 4: One student died and twelve others were seriously injured when a school bus in which they were travelling from Anantapur district fell into a gorge near Gerusoppa Soolemarki Cross in Honnavar taluk of Uttar Kannada district last night, police said on Saturday.

The deceased student has been identified as T Basha Fakruddin (14).

Police said on that on Friday students of a government school from Anantapur district were on a trip to Jog, Murdeshwar and other places. There were 44 children, nine teachers and four cooking staff in the bus, police said.

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