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Home Cryptocurrency

Telangana man kills self after losing Rs 70 lakh to cryptocurrency

admin by admin
November 25, 2021
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Telangana man kills self after losing Rs 70 lakh to cryptocurrency
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The police additionally recovered a suicide word left behind by the person for his spouse.

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The person suffered large losses after investing in cryptocurrency.

A person in Telangana’s Suryapet city allegedly dedicated suicide after dropping cash in cryptocurrency, the police mentioned, in accordance with an IANS report.

G Ramalingaswamy, 36, hailing from Khammam, allegedly killed himself by consuming poison at a lodge in Suryapet city. The police late on Wednesday recovered his physique from a room after the lodge proprietor registered a criticism that the particular person staying within the room was not responding to door knocks.

The police have shifted the physique for post-mortem. A police official reportedly mentioned the person might have resorted to taking the acute step on Tuesday.

The police additionally recovered a suicide word left behind by the person for his spouse. In response to the members of the family, the person together with two buddies had been investing in on-line buying and selling on cryptocurrency app. They initially invested Rs 10 lakh and after getting some good returns elevated the investments however suffered large losses.

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He reportedly misplaced Rs 70 lakh, which he had raised via loans. They alleged that those that had lent him cash had began pressuring him to repay. They’d taken away his automobile and made him signal some cheques.

Shocked over dropping the cash and unable to bear the alleged harassment by the lenders, Ramalingaswamy went to Suryapet city on November 22 and put up on the lodge the place he reportedly dedicated suicide later.



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