Maharashtra: Son owes Rs 80 lakh in debt, 63-year-old mother kidnapped by two moneylenders:A shocking incident has come to light from Juhu area of Mumbai, where two moneylenders kidnapped a 63-year-old woman because her son had not repaid a loan of Rs 80 lakh.

News Topical, Digital Desk : Maharashtra News (Mumbai): A shocking incident has emerged from Mumbai's Juhu area, where two moneylenders kidnapped a 63-year-old woman. It is alleged that the woman's son failed to repay a loan of ₹80 lakh.

The accused refused to release the woman until she signed documents accepting the loan. The incident occurred last month. However, police arrested one of the accused on Monday and are now searching for his accomplice.

The loan was taken at 30% interest.

According to police, complainant Pinakini Bhansali stated that her son, Monil, had borrowed a large sum of money from several individuals, including Zafar Qureshi, at 30 percent interest and had pledged jewelry worth approximately ₹3 crore. Pinakini alleges that despite repaying approximately ₹8 million, Qureshi continued to threaten her son.

Crime Branch action, one accused arrested

Unit 10 of the Crime Branch arrested Qureshi's associate, Alfaz Firoz Kassam, on charges of running an illegal money lending, extortion, and criminal intimidation racket. Zafar Qureshi, meanwhile, remains at large.

Last month, the victim was forcibly made to sit in a car by Qureshi and his two associates in Santacruz West and taken to a secluded place, where he was threatened and pressured to sign or put his thumb impression on stamp papers admitting liability of Rs 80 lakh.

Qureshi threatened her that her son's life would be in danger if she did not pay the demanded amount. The accused also filmed the woman signing the documents.

The accused threatened the woman with dire consequences if she didn't tell anyone about the incident and later released her. A police officer said, "The accused then began calling the woman and threatening her." The frightened woman told her husband, who urged her to file an FIR.

Qureshi accused of running illegal loan business

The city's crime branch searched the homes of Qureshi and Alfaz Firoz Kasam, where vehicle sales contracts and related documents related to large cash transactions between Qureshi and several other individuals were recovered. They also seized a mobile phone containing evidence of the coerced signing of documents.

The Crime Branch alleged that Qureshi was running an illegal money lending business: operating without a license, lending money at exorbitant interest rates, and, with the help of his associates, collecting dues through threats and coercion. Police also suspected that Qureshi may have targeted several other individuals in a similar manner.