A business man and the president of traders’ association Suresh ended his life by suicide in the early hours of Friday at his house in Gandhi Nagar in the city.
The deceased had owned a jewellery shop and was into real estate business.
Around 7 am, his family members were shocked to hear a gunshot sound emerging from Suresh’s room.
They rushed to his room only to find his body in a pool of blood.
Alerted, Krishnagiri police personnel rushed to the spot and recovered the body.
The body of the deceased was sent to the government hospital for autopsy.
Preliminary inquiries revealed that Suresh had a licensed gun and he was under depression due to financial loss in his real estate business.
Police have booked a case and are investigating the case.
Following his demise, businesses were shut in the town region.