Sunday, April 15, 2001

A deadly mistress called greed

When you invest in a stock you think will quickly give you 30% be ready to lose as much as quick.
Gautam Chikermane
WHAT ON earth could make a man kill his children? When the answer is ‘money’, a crime that could have been tragic seems only appalling. Forty-year-old Sanjay Agarwal and his wife Sapna (33) decide to do away with their lives–and take those of their two innocent children, Ashita (10) and Chirag (6), as well. They killed themselves and their children by hanging from a fan in their house in Delhi on March 21. Reason: Sanjay, who worked with Omkar Securities, suffered heavy losses in the recent stock market crash, the second in 12 months, lost his money, his clients. And his life.
Five days earlier, on March 16, Virender Kumar Aggarwal (48) of Hissar (Haryana), and his wife Ramkali committed suicide at a hotel in Delhi’s Paharganj. In his suicide note, Virender, a head cashier at Punjab National Bank, admitted to pilfering Rs 70 lakh from the Bank Employees’ Cooperative Society. He was a known stock market gambler, but no one believed he would gamble the society’s savings away. He did. Why?
Opinion in Outlook Money

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