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
July 26,2020

Bengaluru, Jul 26: A year-long probe by Coffee Day Enterprises Ltd (CDEL) has found that its late founder V G Siddhartha routed Rs 2,693 crore out of the company to Mysore Amalgamated Coffee Estates Ltd (MACEL), another privately-owned entity of him.

The MACEL owes Rs 3,535 crore to subsidiaries of Coffee Day Enterprises as of July 31, 2019 of which only Rs 842 crore was accounted.

"Therefore, a sum of Rs 2,693 crore is the incremental outstanding that needs to be addressed," said the report of an investigation headed by Ashok Kumar Malhotra, a retired DIG of Central Bureau of Investigation (CBI) and assisted by law firm Agastya Agastya Legal.

Siddhartha was found dead in early August 2019, and many suspected that he had committed suicide.

Steps are being taken by subsidiaries of CDEL for recovery of dues from MACEL, the company said.

"The board authorised the Chairman to appoint an ex-judge of the Supreme Court or the High Court, or any other person of eminence, to suggest and oversee actions for recovery of the dues from MACEL and to help on any other associated matters," it said in regulatory filings at stock exchanges late on Friday.

The probe further gives clean chits to the Income Tax Department and the private equity firms who Siddhartha in his parting letter had alleged of harassment.

"We have not been provided with any documentary evidence to draw an inference that there may have been any advertent or inadvertent harassment from the Income Tax Department," said the probe report.

The probe also highlighted severe liquidity crunch at CDEL in the build-up to Siddhartha's death.

A committee supported by senior professionals was formed to protect the interest of all stakeholders. CDEL said the debt levels which were about Rs 7,200 crore on March 31, 2019 have been brought down significantly by Rs 4,000 crore. The present debt of the group is around Rs 3,200 crore.

"The disinvestment process in the group continues and we are confident to have effective solution to all stakeholders," it said.

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coastaldigest.com news network
February 16,2020

Mangaluru, Feb 16: A 45 year-old man committed suicide by jumping into Netravati River from the bridge near Thokkottu along with his six-year-old son in the early hours of Sunday here, police said.

The deceased have been identified as Gopalkrishna Rai and his son Aneesh Rai, residents of Baltila in Bantwal.

According to the police, Gopalkrishna along with his wife Ashwini Rai and son had come to Konaje for a family programme. At about 4:30 a.m. he came to the bridge with his son, left a suicide note and jumped into the river.

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News Network
May 7,2020

Mangaluru, May 7: The Dakshina Kannada District Muslim Okkoota has strongly condemned permit for opening of textile and footwear shops across the district at a time when the number of Covid-19 positive cases are on the rise.

In a press note here on Thursday, former Mayor and Okoota President Ashraf alleged that the permission to open the shops at a time when Eid-ul-Fitr was nearing would lead to rush in the shops in turn bringing in fear of spread of Covid-19. 

He expressed his resentment over the fact that the administration has neglected the appeal made by the Okkoota as well as the Qazi of Udupi against permitting textile shops during the lockdown period.

He warned that the administration, district in-charge Minister, MLA and MP themselves will be responsible in case of increased infection cases due to this decision.

The district in-charge minister Kota Srinivas Poojary yesterday had announced that textile shops in the district can be opened from May 7.

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