The Live Ahmedabad
  • Home
  • Ahd City
  • Business
  • Entertainment
  • Education
  • Crime
  • Health
  • Politics
  • Sports
  • Featured

The Live Ahmedabad

  • Home
  • Ahd City
  • Business
  • Entertainment
  • Education
  • Crime
  • Health
  • Politics
  • Sports
  • Featured
Ahmedabad City

Businessman ends life over loan shark harassment in Ahmedabad

by TLAteam December 27, 2024December 27, 2024
written by TLAteam December 27, 2024December 27, 2024
Businessman ends life over loan shark harassment in Ahmedabad

A businessman from Ghatlodia, Ahmedabad, succumbed to mental pressure and consumed poison, ending his life. The deceased, Atul Bhatt, reportedly faced relentless harassment from a loan shark over a loan of ₹4 lakh. A suicide note recovered from the scene sheds light on the mental torment he endured, leading to this drastic step.

Business News

Atul Laxmi Shankar Bhatt, a resident of Bhavin Society in Ghatlodia, consumed poison at his residence on September 27. Despite being rushed to a private hospital, he passed away on October 25 during treatment. His suicide note explicitly accused a loan shark, identified as Jibhai Desai, of driving him to take his life due to persistent harassment and exploitation.

The note revealed, “I, Atul Laxmi Shankar Bhatt, am ending my life as I see no way out. Jibhai Desai filed a false case of Section 138 against me. The original amount was ₹4 lakh, which I repaid with interest, but he misused my signed cheques to extort ₹14 lakh.”

Police investigations revealed that Atul Bhatt worked in stock trading and diamond brokerage. Due to financial difficulties, he had borrowed ₹4 lakh from his neighbor and friend, Jibhai Desai. Initially provided as financial assistance, the loan turned into a nightmare as Desai charged exorbitant interest and resorted to aggressive recovery tactics.

Atul’s family alleged that Desai frequently visited their house to demand money and used threats to intimidate him. On the day of the incident, Desai reportedly visited Atul’s home, threatening him by saying, “If you can’t repay, drink poison and die. If not, I’ll kill you myself and go to jail.” Desai allegedly claimed ownership of Atul’s house and demanded money by evening, leaving Atul with no choice but to take the extreme step.

The Ghatlodia police have registered a case of abetment to suicide against Jibhai Desai and launched a manhunt to arrest him. A Forensic Science Laboratory (FSL) analysis of the suicide note has been initiated to gather evidence against the accused.

H M Kansagara, incharge ACP A division stated, “This is a clear case of financial harassment. We have registered a complaint and are actively pursuing the accused. We are committed to ensuring justice for the deceased and his family.”

0 comment
previous post
Burglar robs ₹20 lakh of angadia firm looted from SUV driver on CG Road
next post
Gujarat Vidyapeeth student awaits results even after six months

You may also like

Vantara Steps In After Rath Yatra Chaos Elephants...

June 29, 2025

AMC to Build ₹51 Crore Sports Complex in...

June 29, 2025

Water Tanks Collapse at Ahmedabad Apartment Raises Structural...

June 29, 2025

Truck Collision Triggers 5-Km Traffic Snarl on Ahmedabad-Mumbai...

June 29, 2025

Ashadhi Bij Brings Buying Spree in Ahmedabad

June 28, 2025

YFLO Ahmedabad Hosts Transformational Session for Members

June 28, 2025

Weekend Fun in Ahmedabad: Music, Art, Films &...

June 27, 2025

Ahmedabad University Becomes Top Choice for Students Amid...

June 27, 2025

India to Host 2029 World Police & Fire...

June 27, 2025

AMC Cracks Down on Waste Segregation Violations, Warns...

June 27, 2025

Leave a Comment Cancel Reply

Save my name, email, and website in this browser for the next time I comment.

Business News

Recent Posts

  • Het Joshi, Enrolled via Shala Praveshotsav, Becomes Doctor

    June 29, 2025
  • Gujarat to Launch All-Women Drone Squad Under SHE Team

    June 29, 2025
  • Vantara Steps In After Rath Yatra Chaos Elephants Given Medical and Behavioural Care Post Procession Incident

    June 29, 2025
  • AMC to Build ₹51 Crore Sports Complex in Vastral, Completion by August 2025

    June 29, 2025
  • Water Tanks Collapse at Ahmedabad Apartment Raises Structural Safety Concerns

    June 29, 2025
December 2024
MTWTFSS
 1
2345678
9101112131415
16171819202122
23242526272829
3031 
« Nov Jan »
The Live Ahmedabad
Footer Logo
  • Home
  • Ahd City
  • Business
  • Entertainment
  • Education
  • Crime
  • Health
  • Politics
  • Sports
  • Featured
  • Privacy Policy
  • Disclaimer
  • Cookie Policy
  • Terms of use
  • Advertise with Us
  • Work With Us
  • Contact Us

© 2021 - The Live Ahmedabad. All Rights Reserved.