On Monday, a 45-year-old merchant who owns a pesticide and farm chemical shop at a commercial complex on Neeligin Road committed suicide by hanging himself in his shop.
Nagangouda Patil, a resident of Laxmi Nagar in Lingaraj Nagar, has been identified as the deceased. The Sub Urban Police have opened an investigation.
According to police, Nagangouda had given pesticides and chemicals on loan to many of his customers and had not received payment on time. It is speculated that his extreme step may have been motivated by financial problems.