DUBAI: The financial crisis has claimed another victim. A 60-year-old Pakistani businessman apparently committed suicide by near self-decapitation with an electric chainsaw because he was facing bankruptcy.
The incident occurred at around 2:30 p.m. on Wednesday in the Al-Qassimia area in Sharjah, according to Sharjah police.
The police said the man’s wife had gone to work in the morning leaving him at home. She tried calling him several times but he was not answering his phone. She became worried and went back home at around 2:50 p.m. When she arrived she found her husband lying dead on the floor drenched in blood. The chainsaw had nearly severed the man’s head from his torso. The woman switched off the chainsaw and covered his body with a sheet. She then called their son in Dubai.
The son called the police at around 4 p.m. The police questioned the wife and the son who told them that the deceased had been experiencing a lot of stress recently because of financial difficulties. He had several construction companies and had invested in real estate projects. Because of the credit crunch the man’s companies had run into trouble and he did not have the liquidity to pay his creditors or clients. The police also questioned the man’s acquaintances that all corroborated the family’s statements.
