Khed resident booked on charge of illegal money lending

Pune: Chakan police have registered a case against a resident of Khed taluka on Saturday for allegedly engaging in illegal money lending practices and forcibly seizing vehicles belonging to a building contractor.

The suspect has been booked under section 308(5) of the Bharatiya Nyaya Sanhita ( extortion by putting any person in fear of death or of grievous hurt) and relevant sections of the Maharashtra Money Lending (Regulation) Act.

An officer from the Chakan police, while talking to TOI, said the complainant is into construction business. "In Oct last year, he had borrowed Rs3.4 lakh from the suspect. By May this year, he had repaid Rs5.7 lakh, including interest, to the suspect. However, the suspect kept demanding more money from him," the officer said.

The officer added that on May 16, the suspect went to the complainant's home and threatened him with dire consequences. "He forcibly took possession of the complainant's mini-truck and a motorcycle. The suspect told the complainant that the vehicles would be returned only after the dues are cleared. We have registered the case against the man and are investigating the case," the officer said.