Mangaluru, May 18: A businessman, who was missing since May 15, was found dead at a lake located in a rubber plantation in a village in Belthangady in Dakshina Kannada district.
The deceased is Shashidhar Poojary, 39, owner of Southadka Wood Industries, a furniture outlet.
Local police have registered a case of suicide after his body was recovered from a lake yesterday.
It is learnt that Poojary had taken a loan for business purpose. He probably was not in a position to repay the loan and hence decided to commit suicide, said the Belthangady police. Further investigations are on.
Missing businessman found dead in lake; cops suspect suicide