Harassed by loan sharks, Ahmedabad trader commits suicide

Ahmedabad, May 1 (IANS) A trader died by suicide after facing harassment from loan sharks over exorbitant interest rates.Gajendrasinh Jadeja had been entangled in a cycle of debt that began in 2001 with a seemingly small loan of Rs 10,000.Despite repaying a substantial Rs 80,000 over the years by selling his land, the relentless demands continued, with creditors most recently demanding an additional Rs 5 lakh, officials shared.Driven to despair, Jadeja resorted to self-harm, using a sharp-edged weapon to inflict fatal injuries upon himself.Officials added that this action reflects the extreme pressures faced by individuals dealing with unregulated financial lenders.Following the incident, Odhav Police registered a complaint against three individuals who were associated with predatory lending.Two of the accused have been arrested, while the third is reportedly undergoing treatment in a hospital for an illness.The matter is still under investigation.Details are awaited.--IANSjanvi/svn

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