Sukhwinder Singh was missing since February 24 from Makaropur village in Fatehgarh Sahib, 42 km from Chandigarh, and his body was found near Bhakra canal today. His relatives said that he was "disturbed" over a debt of nearly Rs 20 lakh, police said.
They also claimed that Mr Sukhwinder had taken a loan of Rs 15 lakh from a bank, and Rs 2 lakh each from a cooperative society and a commission agent, police said.
He had invested this money in dairy business, family members said.
The farmer was missing since February 24 and his car was recovered from near Bhakra canal near Khalaspur. Police have filed a suicide case on the statement of his family members.
Get Breaking news, live coverage, and Latest News from India and around the world on NDTV.com. Catch all the Live TV action on NDTV 24x7 and NDTV India. Like us on Facebook or follow us on Twitter and Instagram for latest news and live news updates.