A 40-year-old businessman at Makawa Trading Centre in Mangochi, Philip Theu, has committed suicide after failing to pay back K500,000 loan from the Village Savings Bank.

Mangochi Police Station spokesperson Sub Insp. Amina Tepani Daudi said Theu who owned a Bottle store, failed to meet the December 21, 2021 deadline for settling the loan a thing which prompted the group members to follow him to his house to grab his property.

Upon arrival at the deceased’s house, the members found his daughter who lied that his father was not at home despite being inside the house.

Few hours after they left, the daughter went to check at the bedroom where she found his father’s dead body.

The matter was reported at Makokola Police Unit who rushed to the scene and took the dead body to Koche Health Centre where suffocation was indicated as the cause of death.

Philip Theu hailed from Kela Village Traditional Authority Mponda in Mangochi.