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Jharkhand News: Jamshedpur techie commits suicide after loss in stock market

Jharkhand Story by Jharkhand Story
12 March 2025
in Breaking, Crime
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KUMUD JENAMANI

 

Jamshedpur, March 12: Suspected mental agony due to shares market trading led a 24-year-old techie to commit suicide in the eastern fringe of the steel city.

The incident took place at the deceased’s residence in Bhojpur Colony under the Sidhgora thana area, triggering a shock wave across the locality.

Financial Loss Leads to Depression

Identified as Sanjiv Kumar, the deceased reportedly lost Rs 88,000 in the shares market trading a couple of days ago and went into depression.

Last night, Sanjiv went to bed having taken his dinner but did not open his room’s door at the usual time he used to do. After a prolonged wait, the family members knocked at the door anxiously and finally broke open it to find him hanging from the ceiling fan. He had already been dead for long hours.

Also Read- Jharkhand Cabinet approves hike in mineral cess and key policy changes

The bereaved family members soon called in the police, who did the rest of the procedure, including postmortem at the MGM Medical College Hospital (MGMMCH) mortuary.

Family’s Account and Background of Deceased

The deceased’s elder brother, Kaushal Kumar, said Sanjiv had done his BTech from Chaibasa Engineering College and worked in a Chennai-based software company for two years.

Kaushal Kumar said that in 2021, Sanjiv returned to Jamshedpur during the pandemic but never returned back to his workplace.

“My brother set up a YouTube Recruitment channel in Jamshedpur and ensured jobs to several unemployed youths besides earning adequately himself. But he had started trading in the shares market by investing a portion of his income in that. A few days back, he incurred a loss of Rs 88,000 and became extremely frustrated, though the amount was not so big. Finally, took the drastic step,” narrated Kaushal Kumar while talking to the media.

The police are investigating the reason for the suicide.

Also Read- Jharkhand News: Govt doctor charged Rs 50,000 for 15 hours of treatment at corporate hospital

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