An 80-year-old man allegedly committed suicide by hanging himself from a tree in West Bengal's Malda district after losing the money he invested in a private financial institution, police said on Friday.
The incident happened in Islampur village in Old Malda, they said.
A few years back, Raghunath Swarnakar sold his 10 bigha agricultural land and invested around Rs 2 lakh in a scheme offered by the private financial institution, police said.
He went into depression as he did not get back the money, they said.
On Thursday night, he went to a mango orchard near his house and hanged himself from a tree, police said.
His body was found by locals in the morning who then informed the police.
The body has been sent for post-mortem examination, police said.