Businessman kills self in Telangana

 Karimnagar (Telangana): A 53-year-old businessman and chairman of a private school allegedly committed suicide by hanging himself from a ceiling fan at his residence here Thursday, police said.

Prasada Rao, who took the extreme step, was an auto-mobile businessman and running Ken Crest English medium High School here. He had borrowed money from three persons including a police officer, Karimnagar Two town Circle Inspector S Hari Prasad said.

On Wednesday, financiers allegedly threatened him of dire consequences if he was unable to return the money, the officer said.

Karimnagar Superintendent of Police D Joel Davis said a suicide note was found from the spot. Prima facie, the alleged threats could be the reason for his suicide.

Three persons including a cop - Mohan Reddy, Assistant Sub Inspector, have been booked on the charges of abetment to suicide. A case has been registered against the trio and investigations are underway, police said.