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 14,2020

Bengaluru, Mar 14: Following the footsteps of the neighbouring state Kerala, the state government has decided to deliver groceries to the mid-day meal scheme beneficiaries at the anganwadis.

The state govt has also declared one-week holiday for anganwadis, as a precautionary measure to control the spread of COVID-19 among children.

The respective district administrations have been directed to take necessary steps to ensure that the groceries are delivered to the students’ homes as well.

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News Network
February 4,2020

Bengaluru, Feb 4: Karnataka High Court on Monday reserved order on plea, seeking cancellation of bail granted to Nithyananda for skipping the trial and fleeing the country.

After hearing the arguments, the court has reserved the matter for further orders which will be pronounced on February 5.

The plea, which was filed in the high court on January 23, was heard by Justice John Michael Cunha.

The counsel for the complainant Lenin put forth arguments that the self-styled godman Swami Nithyananda had fled the country to escape the trial. "Nityananda has been claiming to be in India in his exemption petitions filed before the trial court but during that time he sought asylum in Ecuador and is having a second passport," said Lenin.

The prosecutor informed the court that they do not need his presence for the trial at this time.

Nithyananda, accused of rape and child abuse, has been absconding since November 2018.

In December 2019, the Ministry of External Affairs said that the passport of Nithyananda was cancelled and a fresh application of the same was denied as he did not get the requisite clearance from police and several criminal cases have been lodged against him.

Police in Ahmedabad had arrested two woman administrators of the ashram, allegedly owned by Nithyananda, and freed two boys who were held captive there.

Two of his disciples, Pranpriya and Priyatattva, were arrested on the basis of a complaint filed by one Janardhan Sharma who alleged that his daughter was held captive in Nithyananda's ashram.

The police took the two women to Nithyananda's ashram in Hathiajan for an investigation and seized laptops, mobile phones among other things.

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KT
April 12,2020

Apr 12: The board and management of troubled NMC Healthcare should be held accountable for the financial irregularities, said Abdulaziz Al Ghurair, chairman of the UAE Banks Federation.

"Banks have dealt with the exposure professionally and they lent to a company which was listed on FTSE-100 index with world-class regulator and the world's largest audit firm doing their audit. Even if they present their balance sheet today, people will still lend to them. This is a world-class fraud and the management and board members should be held accountable. We should have a different track to handle this company. It is not a normal track that we can go," Al Ghurair said during a virtual press conference on Sunday.

It is estimated that the more than 80 local, regional and international banks have exposure to healthcare firm. The UAE bourses had asked all the listed companies in the UAE to announce their exposure. The UAE banks last week announced nearly Dh10 billion exposure to NMC Healthcare, which is owned by the billionaire BR Shetty.

Abu Dhabi Commercial Bank has the highest exposure to NMC at Dh3 billion. Dubai Islamic Bank and its subsidiary Noor Bank announced Dh2 billion exposure while Emirates NBD and its Shariah-compliant unit Emirates Islamic Bank revealed Dh747.34 million exposure. Ajman Bank has Dh151.8 million while Al Salam Bank pegged its exposure at Dh161.5 million. All these lenders revealed their exposure for the first time on Sunday.

Abu Dhabi Islamic Bank said it had extended Dh1.07 billion in financing to NMC Healthcare, and an additional Dh113.67 million exposure to Islamic bonds issued by NMC.National Bank of Fujairah pegged its exposure to NMC at Dh289.1 million, while Sharjah-based United Arab Bank said its exposure was Dh135.3 million.

NMC recently revised its debt position to $6.6 billion, well above earlier estimates.

London's High Court last week placed hospital operator NMC Health into administration, on the application of Abu Dhabi Commercial Bank.

"I know leading bank in UAE have already legal guardian of the company so now management cannot hide anything. The new team will manage and discover what happened," said Al Ghurair.

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