Pune businessman, 2 other detained for “killing” money lender with criminal record

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PUNE POLICE arrested three people, including a local businessman in connection with the murder of a money lender, who was found dead at his residence in Kondhwa on July 11.

The deceased, Ganshyam aka Pappu Babanrao Padwal, had a criminal record. Police identified the three accused as Latif Babu Shaikh (43), a resident of Parge Nagar, Kondhwa; and Shubham Pramod Kasvekar (24), and Shubham Santosh Ubale (22) from Nagpur chawl in Yerwada.

According to police, Padwal resided alone at the Bramha County Society in Kondhwa. His family members were trying to contact him on his cell phone, but he did not answer, police said.

Police said on July 11, when they entered Padwal’s apartment using a duplicate key, they found him dead.

A team from the Kondhwa police station led by Inspector Mahadev Kumbhar opened an investigation into the case. Police discovered that Padwal had been attacked with sharp weapons about 55 times and the culprits even took away CCTV footage from the house. In addition, the police found that the CCTV cameras installed in the residential company in Padwal were not working.

A press release issued Thursday by Chief Inspector Vinayak Gaikwad of the Kondhwa Police Station said Padwal was in the money lending business, due to which he had quarrels with several people. He threatened and abused people unable to return the money he loaned them, the statement added.

An investigation revealed that he had given Shaikh Rs 50 lakh over the past four years at 20 percent, 14 percent and 10 percent interest per month.

Police said Shaikh was in the scrap metal and manufacturing business, and had sold his property and paid back about 2 crore rupees to Padwal. Padwal, however, demanded an additional Rs 80 lakh within a fortnight and threatened to kill Shaikh if ​​he did not pay, police added.

Police further claimed that Shaikh then conspired to get rid of him. The investigation also revealed that Padwal was suffering from health issues and Shaikh told him about a religious person who could cure him.

Shaikh went to Padwal with Ubale and Kasvekar under the pretext of helping him with his health issues, but repeatedly attacked him, causing his death, police said.

Police said Padwal previously resided in the Pune camp area, where he worked as a driver, and then went into the business of illegal money lending. In March 2010, Padwal managed to survive three gunshot wounds after five men from a rival group opened fire on him in the Pune camp area, police added.

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