Salil Kapoor, the former President of Atlas Cycles, was found dead in what officials are calling an apparent suicide at his residence on A.P.J. Abdul Kalam Marg in Delhi on Tuesday.
According to police reports, Kapoor, 62, took his own life by shooting himself with a licensed revolver. Authorities recovered a suicide note from the scene in which Kapoor allegedly cited a “financial burden” as a factor in his decision.
Kapoor’s immediate family, including his wife and three children, lived separately, while his manager and other relatives were present at the three-story residence at the time of the incident. Despite efforts to provide medical attention, Kapoor was pronounced dead upon arrival at a nearby hospital.
The suicide note also names five individuals whom Kapoor accused of causing him severe physical and mental distress. The police are currently investigating the case from multiple angles to determine the full circumstances surrounding his death.
Kapoor faced well-documented legal troubles. In 2015, the Economic Offences Wing (EOW) of the Delhi Police apprehended him in Uttarakhand on charges of fraud involving Rs 9 crore. One case involved allegations from Satinder Nath Maira, who claimed Kapoor’s associate, Prashant Kapoor, failed to return an investment of Rs 13 crore. Kapoor had issued several post-dated cheques that bounced, leading to his designation as an absconder by the Saket court in Delhi. Additionally, Kapoor faced another fraud charge from Sunita Bansal, who accused him of cheating her out of Rs 4 crore.
However, the police are continuing their investigation to uncover more details about Kapoor’s financial and personal struggles leading up to his death.
