DISTRAUGHT over the collapse of his community interest company and subsequent arrest on suspicion of fraud, Ecoisland founder David Green hanged himself at his Isle of Wight home, an inquest heard today (Tuesday).
Mr Green was arrested on suspicion of fraud, but a police investigation was later dropped.
An investigation was launched after the Isle of Wight Council notified police £115,000 of public money paid to the company was unaccounted for.
The council alleged Mr Green had supplied false information in order to obtain payments to Ecoisland. It has since been found that was not the case.
Isle of Wight coroner Caroline Sumeray concluded he killed himself.
His wife, Patricia, said his high-profile arrest on suspicion of fraud, reported on the front page of the County Press, had humiliated him and made him feel like a criminal.
The police probe was dropped after it was found information provided by the IW Council was inaccurate.
Mr Green's body was found in the garden of his home in Woodvale Road, Gurnard, on October 7 last year.
The 52 year old was arrested the previous week on suspicion of fraud, after Ecoisland went into liquidation, owing almost £400,000.
Mr Green was the sole director of Ecoisland, launched in 2011 with the ambition of making the Isle of Wight self-sufficient by 2020.