Haveri (Karnataka), Feb 3 (PTI): A 42-year-old man died by suicide in this district following 'harassment' by microfinance companies, police said on Monday.

The deceased, identified as Malatesh, ran a barber shop, they said.

The incident occurred on Sunday night within the Rane Bennur police station limits.

He died by hanging, due to "harassment" by various microfinance companies from whom he had borrowed money over time, they added.

The victim's family alleges that he had collectively borrowed around Rs 6.45 lakh from four microfinance companies.

Despite repaying the amounts in instalments, he was "harassed" by these companies, prompting him to take such an extreme step.

A case has been registered under section 108 (abetment of suicide) of the BNS against the four microfinance companies, police said, adding that the case is under investigation.

Meanwhile, Karnataka Deputy Chief Minister D K Shivakumar on Monday said that the government had planned an ordinance to stop the 'torture' of the poor by microfinance companies in the name of 'loan recovery'.

"Our government will not allow microfinance companies to take the law into their own hands and torture the poor using hooligans. We will give more power to the police to handle this," he said.

Asked about the ongoing 'torture' despite government warnings, he said, "Many FIRs have been filed against microfinance companies in Belagavi, Bidar, Mysuru, and Ramanagara. The chief minister and the cooperative ministers have already issued stern warnings in this regard."

"An ordinance is ready and will be sent to the Governor in a couple of days. We have also started helplines in every district headquarters. The chief minister will also hold meetings on this with senior police officials," he added.

(Assistance for overcoming suicidal thoughts is available on the state’s health helpline 104, Tele-MANAS 14416.)

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Chikkamagaluru: Police have arrested three persons in connection with a recent stone-pelting incident at a house in the city’s Vijayapura locality and the violence that followed.

The arrested persons have been identified as Bharat (23) of Gauri kaluve, Dilip (27) of Ramanahalli, and Harish, the owner of the motorcycle allegedly used in the incident.

According to police, the accused had been moving around near the complainant’s house on motorcycles for three days prior to the incident. The investigation has also revealed that there had been an earlier argument between the accused and the complainant.

Police said further inquiry is under way to determine the exact motive behind the stone-pelting and whether others were involved.