Bhubaneswar: In a shocking incident, a man committed suicide after losing over a lakh of rupees, which he had illegally put in betting for the Indian Premier League (IPL) cricket series, at Kabisuryanagar in Ganjam district early this morning.
The deceased was identified as Bhaskar Rao of Kabisuryanagar. His body was found hanging from a tree near Nuagaon. He was a teacher by profession.
According to reports, Bhaskar had lost his mental balance after losing all his savings in the illegal IPL betting. Under pressure, he might have committed suicide, said locals.
After being informed by locals, the Kabisuryanagar police have reached spot and started investigations.