Twenty-nine-year-old Ajay Krishnan, the producer of upcoming Malayalam film “Avarude Ravukal” was found hanging at his residence in Kollam on Saturday.

“Avarude Ravukal” starring Asif Ali, Unni Mukundan, Aju Varghese, Vinay Fort, Honey Rose, Lena and others - under the banner Ajay Entertainment was his debut film as a producer. Reports indicate that Ajay committed suicide owing to financial issues.

“He was concerned over the success of the film at the box office. He had also shared his concern with his parents. It seems that the film cost him `4 crore and he was facing financial crisis. This might have forced him to take the extreme step,” an official with the Kollam West Police Station was quoted as saying.

After conducting post-mortem at the district hospital, the body was handed over to relatives.

Actors including Honey Rose, Asif Ali and Unni Mukundan expressed condolences on social media.

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