The owner of Padhee's Tutorial Pvt Ltd in Bhubaneswar, Janaki Ballav Padhi, has allegedly committed suicide by hanging himself from the ceiling of his bedroom.
The eminent educationist's brother-in-law found his body hanging in his house in Bramheswarpatna.
Police have ruled out any foul play in the case and have registered a case of unnatural death. A suicide note was also found near the body.
Some family members of Padhi told OdishaTV that he was under mental pressure due to loans.
Padhee's Tutorial is a coaching institute chain with branches across the state and is engaged in training students for IIT-JEE, AIPMT/PDT and other competitive exams.
Padhi had also started a private higher secondary Science college called Kalinga Bharatee Residential College (KBRC).
In 2013, the Crime Branch had conducted a search on the premises of KBRC in Cuttack in connection with a question paper leak scandal. However, police did not find any involvement of the college authorities, said a report in The Times of India.
(With inputs from ANI.)
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