A truck owner allegedly committed suicide after failing to repay the loan he had availed to purchase the vehicle in Keonjhar district of Odisha.
Mukund Mahakud, a resident of Chhamunda village under Telkoi police limits, was found hanging from the truck this morning.
As per the family sources, Mahakud had purchased the truck by taking a loan from a private finance company in order to earn a living. However, he could not engage his truck in transportation due to the closure of mines.
He was even forced to sell his land property to repay the previous installment. Later, fed up with the loan burden, Mahakud reportedly hanged himself to the truck with a rope.
“He was under severe mental pressure. The finance firm had been pressurising him for repayment of the loan. After conclusion of Dussehra, he took the extreme step,” said Prasanna Sahu, a local resident.
As per sources, the truck owners in Keonjhar depend on OMC mines at Suakati to earn income. However, the stalemate continues at the mines due to lack of buyers for iron ore.
Mahakud had paid the previous installment of the loan by selling his land and borrowing money from others. After Dussehra got over, the anxiety of loan repayment gripped him, driving him to commit suicide.
(Reported by Chinmaya Kumar Sahoo, OTV)