CBI inquiry concludes IAS officer DK Ravi committed suicide, suffered loss in real estate business

Bengaluru: According to top sources, the Central Bureau of Investigation on Wednesday concluded that IAS officer DK Ravi committed suicide. It has ruled out the murder or abetment of suicide theory. In the Preliminary Enquiry (PE) the CBI has concluded that it was due to failure in property business and not because of his alleged one sided affair with an IAS batch mate.

The CBI concluded that he committed suicide by hanging. Report in final stage, the CBI found out that some of his batch mates have invested money in his real estate business. His female batch mate has also invested Rs 10 lakh in Ravi's venture R and H Properties. It was a joint venture with a friend Hari.

Together they collected an amount of almost Rs 5.5 crores. They wanted to acquire SC/ST land in Chikkabalpur for their venture. But it was illegal and they were finding it difficult to handle the enormous pressure from investors to return the money. When the pressure increased he asked his friend to pay Rs.2 crore to his wife. The CBI sources say that alleged affair was going on for some time and can't be a trigger for his death.

A day before his death a call came and he got down off from car. Sources say caller had threatened him of serious consequences if the money was not paid.

The mysterious death of DK Ravi had led to a furore in Karnataka two months ago. The Congress government in Karnataka came under fire for the death. The case was handed over to the CBI after a lot of pressure.

The CBI findings in the case:

- CBI also investigated his alleged one-sided love for a fellow IAS Batchmate.

- CBI preliminary enquiry points to possible threats that Ravi may have received over a realty investment he was planning.

- CBI enquiry points to Karnataka IAS officer suicide by hanging.

- CBI enquiry points to a realty deal gone awry.

- CBI enquiry looked into possible causes of suicide.

- CBI preliminary enquiry points to real estate deal of over Rs 5.5 crores that went awry.

- CBI preliminary enquiry points to Ravi and a partner investing in land in Chikkaballapur, 50 kilometers from Bengaluru.

- CBI preliminary enquiry points to suicide.

- CBI enquiry concludes suicide over personal reasons.

- CBI report getting finalised.