Hyderabad police took into custody four illegal money lenders following a tragic incident where three family members resorted to suicide due to harassment for loan repayment. The Deputy Commissioner of Police, Secunderabad Zone, Rakshitha Krishna Murthy, disclosed the arrests made on Monday. The deceased individuals, identified as Kadgekar Ramraj, his wife Madhavi, and younger brother Kadgekar Shashank Raj, were discovered deceased at their residence in Bapu Nagar, Amberpet, on February 24.
The Amberpet police initiated an investigation after finding suicide notes at the scene, detailing the undue pressure and harassment by the illicit financiers. Reports from the suicide letters and family members indicated that the deceased were under severe financial stress due to exorbitant demands from money lenders. The family had borrowed Rs 57 lakh for their “King’s Biryani” eateries at Mallapur and Chakripuram, with the lenders imposing high daily interest rates and coercively acquiring collateral such as blank cheques and property documents.
The accused individuals, as per call data records, had threatened the family on the night of February 23-24, demanding loan repayments and resorting to intimidation tactics. Subsequently, the legal section was modified to Section 108 of BNS (Abetment to Suicide) based on the evidence gathered during the probe. The arrests of the suspects, identified as Mohd Wasi Uz Zaman alias Irfan, P. Rajasekhara Reddy, Mohd. Nawaz, and Syed Majeed Hyder, were carried out on March 2. During interrogation, the accused confessed to lending money at usurious rates and using coercive measures to pressurize the family for repayment, leading to the tragic outcome.
The relentless financial harassment, unlawful demands, threats, and humiliation inflicted severe mental anguish on the family, ultimately resulting in the unfortunate suicides, as stated by the DCP.
