Telangana man dies by suicide after dropping cash in cryptocurrency – Hyderabad News

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

Police late on Wednesday recovered his physique from a room after the lodge proprietor lodged a criticism that the particular person staying within the room was not responding to door knocks.

Police shifted the physique for post-mortem. A police official stated the person could have resorted to take the intense step on Tuesday.

Police additionally recovered a suicide word left behind by the person for his spouse.

According to the relations, the person together with two pals 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 big losses. He had reportedly misplaced Rs 70 lakh, which he had raised by loans.

They alleged that those that had lent him cash had began pressuring him to repay. They had taken away his automotive 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 was staying in a lodge.

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