HomeNewsPuducherry Man Made To Pay Rs 38,000 Interest Per Month For Rs 3.8 Lakh Loan, Dies By Suicide

Puducherry Man Made To Pay Rs 38,000 Interest Per Month For Rs 3.8 Lakh Loan, Dies By Suicide

NewsJuly 3, 2025
2 min read
Puducherry Man Made To Pay Rs 38,000 Interest Per Month For Rs 3.8 Lakh Loan, Dies By Suicide
In a case of alleged usury and harassment, a 33-year-old small entrepreneur, Vikram, died by suicide in Puducherry, after he was unable to cope with relentless pressure from privat
Reading Settings
In a case of alleged usury and harassment, a 33-year-old small entrepreneur, Vikram, died by suicide in Puducherry, after he was unable to cope with relentless pressure from private moneylenders charging exorbitant interest. Vikram, who also worked at a chicken shop to support his family, had become immobile after an accident-leaving him unable to repay loans.

According to police sources, Vikram left a suicide note naming several moneylenders who, he said, drove him to take the extreme step. The letter mentions shocking instances of harassment and alleged exploitation, including a deeply offensive demand by one moneylender, who allegedly told Vikram to send his wife and daughter to his house until the dues were cleared.

In the note, Vikram reportedly wrote that for a loan of Rs 3.8 lakh, he was paying Rs 38,000 per month as interest, a staggering 10% monthly interest rate. Another moneylender, he alleged, demanded Rs 6,000 in interest every month for a Rs 30,000 loan.

The harassment reportedly intensified after Vikram became bedridden following the accident, pushing him and his family into a spiral of debt, fear, and desperation.

Vikram was a local functionary of Tamilaga Vettri Kazhagam (TVK), the political outfit recently launched by actor Vijay. In his note, he made a heart-wrenching appeal to the actor to look after his wife and daughter, underscoring the depth of his helplessness.

Police have launched an investigation into the allegations and are verifying the identities and activities of the named moneylenders. No arrests have been made so far.

The case has reignited concerns over unchecked usury in parts of Tamil Nadu and Puducherry, where informal lending networks often operate beyond legal limits, especially targeting small entrepreneurs and vulnerable families.

Authorities have promised a thorough probe, and Vikram's death has triggered widespread outrage on social media, with many calling for immediate action to curb illegal moneylending and provide justice to the victim's family.

Track Latest News Live on NDTV.com and get news updates from India and around the world

Share this article

Related Articles

NASA astronauts will have their own droid when they go back to the Moon
Dec 095 months ago

NASA astronauts will have their own droid when they go back to the Moon

NASA crew will be the first astronauts to work with a robot on a celestial body other than Earth. ...

{"_":"https://arstechnica.com/space/2025/12/lunar-outpost-rover-to-study-lunar-dust-alongside-artemis-astronauts-on-moon/","$":{"isPermaLink":"true"}}2 min read
Read More
Trump keeps historic meeting with Syria’s leader behind closed doors
Nov 116 months ago

Trump keeps historic meeting with Syria’s leader behind closed doors

President Trump on Monday kept a historic meeting with Syria’s interim President Ahmed al-Sharaa behind closed doors, an unusual move for a president who frequently opens up the Oval Office to cameras...

{"_":"https://thehill.com/?p=5599534","$":{"isPermaLink":"false"}}7 min read
Read More
Why a handful of Democratic senators decided to end the shutdown
Nov 116 months ago

Why a handful of Democratic senators decided to end the shutdown

Sen. Tim Kaine (Va.), who nearly a decade ago served as Hillary Clinton’s running mate when she lost the presidency to Donald Trump, was the eighth Democratic senator to back a centrist deal the Senat...

{"_":"https://thehill.com/?p=5599509","$":{"isPermaLink":"false"}}7 min read
Read More
18 people injured in DC people mover crash at Dulles International Airport
Nov 116 months ago

18 people injured in DC people mover crash at Dulles International Airport

A mobile lounge hit a dock at Washington Dulles International Airport (IAD) Monday afternoon, sending 18 people to the hospital. Crystal Nosal, part of the Metro Washington Airports Authority’s (MWAA)...

{"_":"https://thehill.com/?p=5599611","$":{"isPermaLink":"false"}}1 min read
Read More