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RSSWhy Rajaram Kills His Family And Himself – Fortune In Credit Crunch
American financier kills his family and himself after losing fortune in credit crunch
By David Gardner and Robert Mendick
Last updated at 1:15 AM on 08th October 2008
Courtesy Of http://www.dailymail.co.uk
A businessman gunned down five members of his family then shot himself after seeing his family’s fortune wiped out by the stock market collapse.
Karthik Rajaram, 45, who had made almost £900,000 on the London stock market, shot his wife, three children and mother-in-law in the head before turning the gun on himself at the family home near Los Angeles.
He was found with the gun still in his hand.
In a suicide note to police, he blamed the killings on financial hardship brought on by a collapse in shares.
Los Angeles Police Deputy Chief Michael Moore said: ‘The source of it appears to be a financial state, a crisis that this man became embroiled in that has unfolded over the past weeks.
‘We believe he has become despondent recently over financial dealings and the financial situation of his household and that this is a direct result of that.
‘This is a perfect American family behind me that has absolutely been destroyed,’ he added. ‘It is critical for us to step up and recognise we are in some pretty troubled times.’
Using a handgun bought on 16 September, Rajaram went from room to room, picking off the family one-by-one.
Police found his mother-in-law, Indra Ramasesham 69, dead in bed on the first floor.
Upstairs, they found his 19-year-old son, Krishna, who was studying business economics, murdered in his bed.
Rajaram’s wife Subasri, was found in another room, also apparently shot while sleeping.
In an adjoining room, his 12-year-old son, Ganesha, was dead on the f loor, and his brother, Arjuna, seven, was killed in bed. Their father’s body was in the room with the gun in his hand.
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