In a tragic incident that underscores the potential perils of financial markets, a 28-year-old man loss 16 lakh in Indian market from Nashik, Maharashtra, ended his life after incurring significant losses in the stock market. The individual, identified as Rajendra Kolhe, hailed from Vitai village in Chandwad taluka and had relocated to Nashik for employment purposes.
Financial Setback and Emotional Turmoil
Rajendra was employed at a private investment firm and, influenced by his peers, began investing his earnings in the stock market. Over time, his investments amounted to approximately ₹16 lakh. However, a downturn in the market led to substantial losses, plunging him into severe depression. Despite changing jobs and joining a private bank in the Myco Circle area, Rajendra remained deeply troubled by his financial setback.
Final Moments
On February 26, 2025, coinciding with the Mahashivratri festival, Rajendra visited the Trimbakeshwar temple. Upon returning, he stopped near Jyoti Vidyalaya in Pimpalgaon Bahula village, doused himself with petrol while seated on his motorcycle, and set himself ablaze. Local residents alerted the Satpur police, who arrived promptly. Due to a delay in ambulance services, officers transported Rajendra to the district hospital in a police vehicle. Tragically, he succumbed to his injuries later that night.
Community and Police Response
This incident has sent shockwaves through the local community. Authorities have registered a case of accidental death and are conducting further investigations. The police have also issued advisories urging individuals to seek expert guidance before making substantial investments in the stock market to prevent such tragedies.
Mental Health Awareness
This heartbreaking event highlights the critical importance of mental health awareness, especially concerning financial stressors. It serves as a poignant reminder for individuals facing financial difficulties to seek support and counseling. Communities and authorities must work collaboratively to provide resources and support systems to prevent such tragic outcomes in the future.
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