Hyderabad, Oct. 14 -- A 26-year-old youth died by suicide in Telangana's Siddipet district after losing Rs 8 lakh in an online investment scam. Two Hyderabad IT professionals have been arrested.

According to police, the deceased, Badugu Harikrishna from Veluru village, had borrowed money from various quarters to invest in the controversial QNET network as well as online games, eventually losing around Rs 8 lakh in the scam.

Unable to bear the financial strain, Harikrishna reportedly wrote a suicide note and hanged himself at his residence.

Two Hyderabad IT professionals held

Initially, police registered a suicide case. However, investigations led them to two IT professionals working in Cognizant, Gachibowli.

Police said that in July,...