Hyderabad: Business rivalry or robbery could have been the main causes behind the death of 60-year-old businessman from Hyderabad, Pavani Venkata Shashidhar in Ethiopia on Tuesday, according to family members and friends of the deceased.
One version was that business rivals in Ethiopia could have killed him as he tried to foray into copper mining business in collaboration with a Japan-based company. That was one of the reasons why a woman representative from Tokyo was also in the car to inspect the mining site.
Friends and family members also pointed out that robbers might have attacked him demanding for money. Chances of terrorist attack were minimal as there were no major terror activities in the region for the last few months, sources close to the family said.
Shashidhar’s business partner, B Ramakrishna said Shashidhar had invested Rs 10 crore in copper mining business after setting up the company in Ethiopia in collaboration with a Japanese company. The company has already identified a few sites to take up mining works and Shashidhar went to Ethiopia to compete the related paper works.
Shashidhar has been visiting Ethiopia regularly to inspect the mining site to ascertain the level at which the copper could be extracted from the ground. Apart from setting up a sea food processing unit in Andaman and Nicobar Islands, Shashidhar had started works related to construction of one more cold store unit at Balanagar in Shadnagar to store spices and other food products.
“He (Shashidhar) had planned to inaugurate the unit at Balanagar in a month but he met with a tragic end in Ethiopia,” said Ramakrishna. The family is seeking the assistance of Ministry of External Affairs (MEA) and the NRI Cell in Secretariat to collect more information about the incident.
On coming to know about the news, scores of Shashidhar’s relatives and friends thronged his residence at Ashoknagar to console the family members. The Chikkadpally police under whose limits Shashidhar’s house falls met the family to collect more information.