One month after a Kerala-based gold merchant S Satish was found hanging at a lodge in Chembur, Mumbai it was found that the man had actually committed suicide and it was not murder but when he died the police had registered a case of murder. The deceased made it look like murder as he wanted his kin to claim the insurance amount of Rs. 5 lakh.

Police have arrested three persons for abetment.

As per reports, the deceased was debt-ridden, wanted his death to appear like a murder, so that his family could claim insurance.

Satish’s body was found hanging on January 14 with his wrist slit after which the police had registered a case of murder in the matter.

“After the body was recovered, we lodged a case of murder and started investigating the matter. Based on the CCTV footage available at the lodge and other details, we arrested three persons, including Riyaz,” Deputy Commissioner of Police (Zone VI) Shahaji Umap told PTI.

Satish had taken a home loan and was afraid that the bank might go after his family if it was established that he had committed suicide. He was also facing other business-related issues, police added.

The police are further investigating the matter from various angles.