Two arrested for extortion and illegal money lending in Pune

PUNE: Two men identified as Ramdas alias Nana Walke and Aniket Hazare have been arrested by Pune city police for wrongfully lending money and demanding payment at high interest rate from a businessman local business.

A complaint was lodged by Swapnil Ganpat Balwadkar, 35, a businessman living in the Balewadi district of Pimpri-Chinchwad.

Hazare would have lent 3,50,00,000 between August 2017 and December 2021 to the plaintiff. The complainant claims to have agreed to borrow this money at the interest rate of 2.5%. During the same period, Balwadkar claims to have repaid 5,10,00,000 in Hazare under threat of life and reputation. However, Hazare reportedly maintained a request for additional payment of 4,75,00,000 and forced the plaintiff to sign a promissory note with a check for 20,00,000 in addition to wrongfully confiscating 20 RC pounds of cars belonging to plaintiff.

Ramdas allegedly threatened the plaintiff with a series of 10 to 15 fake police cases and harm to his family in order to coax the money Hazare demanded.

Between 2015 and 2017, the plaintiff claims to have borrowed money from the two men and repaid them, including the interest wrongly charged by them. In 2017, a new series of transactions began, according to the police.

A case under Sections 386, 387, 504, 506 and 34 of the Indian Penal Code as well as Sections 39 and 45 of the Maharashtra Money Lending Regulation Act 2014 has been filed at Chatuhshrungi Police Station.

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