Kandivli senior citizen ends life, loss in stock market suspected reason behind extreme step
Vijay Naik reportedly invested his retirement funds in the stock market and incurred a financial loss (Representational Image)
A senior citizen from Mumbai’s Kandivli area allegedly committed suicide by hanging himself at his home on Thursday afternoon.
According to a report in the Times of India, Vijay Naik is believed to have taken the extreme step after incurring heavy losses in the stock market.
The 63-year-old lived at Pushpanjali building in Kandivli West with his wife and daughter.
When he failed to answer multiple calls from his family members on Thursday afternoon, they called the domestic help and requested her to check on the Naik.
Around 12:30 pm, when the maid opened the house with her spare key, she found him hanging from the ceiling fan.
“The domestic help entered the flat with a spare key and found Naik hanging. She alerted the building residents and his wife and daughter,” senior inspector Nitin Pondkule of Kandivli police station told the daily.
The sexagenarian left a note in which he said no one should be blamed for his death.
“In a note found nearby, Naik had written that no one was responsible for his death,” Pondkule added.
Naik, a retired employee of a private company, had reportedly invested his retirement funds in the stock market and incurred a sizeable financial loss.
