A money collection agent, who had deposited his personal savings of about Rs 4 lakh with the scam-ridden chit fund company Saradha Group, on Saturday committed suicide here in Purulia district, police said.

Swapan Kumar Biswas, 36, was found hanging from the ceiling in house at Balrampur, 50 km from Purulia town.

Police said he had deposited Rs 4 lakh from his personal savings in the Saradha group and was under severe distress after the news about the scam spread.