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Indian stock broker kills self and wife

by anamika.mis15 | October 22, 2008 at 01:45 am

285 views | 14 Recommendations | 8 comments

A broker named Prag killed himself and pregnent wife due to financial crisis.This incident of financial fiasco led killing took place in financial capital of India Mumbai.

Parag Tanna and wife Neha were found dead at home by Parag's mother when she entered their house with a spare key.

Mr Tanna left a suicide note in which he said he was upset at not being able to look after his family, police said.

Indian stock markets have lost nearly 50% of their value in the last eight months and continue to be volatile.

Mr Tanna invested heavily in the stock markets but suffered huge losses due to the recent market crash, police official Makrand Ranade .

He allegedly strangled his pregnant wife and then hanged himself, police said.

Last month, a share broker had ended his life in the southern city of Hyderabad along with his wife and son after suffering financial losses.

The stock market has lost more than half its value this year, the rupee has fallen to new lows and cash flow problems have crippled banks, leading to jitters among investors.

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Sanjay Jha
  • super editor
Sanjay Jha
flagged this story as Good Stuff

at 02:44 on October 22nd, 2008

anamika.mis15, I like this story. It's good stuff. This financial meltdown is creating lot of problem everywhere.

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anamika.mis15

Thanks Mr Sanjay, 

  The issue is not single case  of financial failure and related suiside , but whole mass of participant in stock  market, who suffered heavy losses and dont even complain to anybody, because they cant blame any one other than themselves.

Ravi Dixit
Ravi Dixit
flagged this story as Good Stuff

at 03:04 on October 22nd, 2008

Anamika, I like this story. It's good stuff.

0
anamika.mis15

Thanks mr Dixit, 

   God knows how many is going to suffer, if not die ,due to this financial manipulations by top guns.

Amitjha
Amitjha
flagged this story as Good Stuff

at 03:06 on October 22nd, 2008

anamika.mis15, I like this story. It's good stuff.

This ia really very sad, some days back an Indian in USA killed himself on the same issue. This raises the simple question ,  why indians cant handle the pressure, specially in financial market and crickat match? 

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anamika.mis15

Thanks Amitjha,

    It is really a very sorry picture of brightly portrayed dalal street, oho all green streets of the world.

   well your QUESTION  needs a reserch of whole psyche of indian behaviour pattarn specially in crisis situation, initially your presumption seems to be right, indians are quite fragile in handling risk.

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Mikasi

I would suspect that the concentration on the fiscal t least equals what we have here in the states. After 28 years of the Reaganesque focus on gain the young have known nothing but "get get get" and aren't aware that life offers other rewards and achievements.

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amyjudd

Oh this is just so sad. What a terrible situation.

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October 22, 2008 at 01:45 am by anamika.mis15, 285 views, 8 comments

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