In a tragic incident highlighting the severe impact of financial distress, a family of three attempted suicide by consuming poisonous pesticide tablets at their residence in Rajkot on Tuesday night. The victims, who operate an incense sticks business, are currently undergoing treatment at Rajkot Civil Hospital following this desperate act allegedly triggered by overwhelming monetary pressures.
Family Members Identified and Hospitalized
The police have identified the individuals as Nilesh Savdas, aged 55, his wife Chandrika, 50, and their 22-year-old son Margin. All three are reported to be under medical care at the hospital, with their conditions being monitored closely by healthcare professionals. Authorities have stated that detailed statements from the family will be recorded once they have sufficiently recovered from the incident.
Financial Troubles and Loan Defaults
Preliminary investigations conducted by the Thorala police have uncovered significant financial difficulties faced by the family. Approximately six years ago, Nilesh Savdas purchased a flat valued at around Rs 14 lakh, financing it through a loan arrangement. He made an initial cash payment of Rs 4 lakh and secured a loan of Rs 10 lakh, which was registered under his daughter's name. The monthly equated monthly instalment (EMI) for this loan was about Rs 7,500.
However, in recent months, the family's incense sticks business experienced a noticeable slowdown, severely affecting their income. This downturn led to an inability to keep up with the loan repayments, resulting in six cheques being returned by the bank due to insufficient funds. The mounting financial obligations and the stress of defaulting on payments are believed to have pushed the family towards this extreme step.
Background and Family Dynamics
Further details from the investigation reveal that Nilesh Savdas is the middle child among two brothers and a sister, adding context to the family's personal circumstances. The police are continuing their inquiry to understand the full scope of the financial and emotional factors that contributed to this incident. Community members and local authorities have expressed concern over the growing cases of financial distress leading to such desperate measures, emphasizing the need for support systems and financial counseling.
This incident serves as a stark reminder of the challenges faced by small business owners and families under economic strain, particularly in times of business volatility. As the investigation progresses, more insights are expected to emerge regarding the specific triggers and potential preventive measures that could be implemented to assist others in similar situations.
