New Delhi: A 52-year-old debt-ridden businessman committed suicide here Thursday evening by shooting himself in the head at his residence, police said.
Raminder Singh alias Pappi, an auto financier, shot himself in east Delhi`s Geeta Colony around 5 p.m. His body has been sent for post-mortem.
"A suicide note was recovered from Singh`s possession in which he mentioned that he was unable to pay off his heavy debts which he incurred from some banks and some money lenders," said a police officer.
Singh did not blame anyone for his suicide, added the officer.
Preliminary inquiries revealed that he was under debt since two-and-half years and was unable to pay off the loans due to his weak financial condition.