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Probe Underway After Puducherry Entrepreneur Blames Private Moneylenders in Suicide Note

Authorities are verifying identities after allegations that loans carried interest rates of up to 20% per month alongside coercive demands on his wife and daughter

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Overview

  • Puducherry Police have opened an inquiry to confirm the identities and activities of the unnamed private lenders cited in Vikram’s suicide note
  • The note claimed he paid 10–20% monthly interest on loans and was pressured to send his wife and daughter to a lender’s home until dues were cleared
  • Vikram became immobile after an accident, leaving him unable to work at his business or chicken shop and trapped under spiraling debt
  • Despite widespread social media outrage and calls for accountability, no arrests have been made in the case so far
  • The tragedy has reignited demands for stricter enforcement of usury laws and greater oversight of informal lending networks