Mysuru: A youth, who reportedly suffered losses in online chain link business, committed suicide by hanging self at his house in city on Tuesday.

The deceased youth has been identified as Shashidhar (21), son of Puttaswamy, a teacher at a private school and a resident of Gundlupet. Shashidhar, was staying at Anandnagar in city and was involved in the chain link business of a Mumbai-based company.

Though he had purchased a car and many household items from the commission he had received in the business.

It is learnt that he suffered huge loss of late and was unable to repay the car loan which forced  him to take the   extreme step.

Saraswathipuram Police, who have registered a case in this regard, are investigating.