Local police said high pressure from economic disputes was to blame for the death of a billionaire, who committed suicide by drinking pesticide in Feixi county of East China's Anhui province, information portal chinanews.com.cn reported Thursday.
Hou Yefu, board chairman of Hefei Senmiao Company Group, a leading enterprise in Anhui dealing with chicken products, died on April 24 in a hospital after medical treatment failed.
Hou was elected a deputy to the provincial people's congress in 2008 and honored as one of the province's top 10 private entrepreneurs for his contribution to society.
Police said Hou's company had been involved in many economic disputes with other people, with some of them being filed to court. And Hou had been suffering from high levels of mental stress.