4 booked after name mention in the farewell letter of a real estate investor | Mumbai News

MUMBAI: A small real estate investor who allegedly committed suicide by drinking a poisonous insecticide has left a suicide note that has led to the registration of a case against four people – a manager of a credit union, who had allegedly given him a loan ; a fraudster who promised him a loan but took money from him instead; a moneylender who pressured him for money; and his business partner who harassed him.

Kalachokie police said they found the suicide note next to the builder’s body. He had consumed the poison in a hotel room in Parel. “We have registered a case on the complaint of the builder’s son under sections 108 (abetment to suicide), 316 (criminal breach of trust) and 318 (cheating) of the Bhartiya Nyaya Sanhita,” police said.

The deceased, in his late 50s, previously worked as a bus conductor. He had voluntarily retired in 2007 and thought he could make some money by investing in real estate projects. It all started when the deceased and his business partner BS Solanki invested more than ₹30 lakh for a project in 2020. However, when the project failed to take off, Solanki started asking the deceased to return his money. Solanki is mentioned in the suicide note.

The deceased had also taken out a loan from a credit cooperative. He invested the money in his business but was unable to repay the required installments. The credit union’s manager, Vilas Jadhav, started pressuring him to recover his dues. He is also mentioned in the suicide note.

According to the police, Hemant Sawant was mentioned in the suicide note as someone who had posed as a bank manager and taken him away ₹20.82 lakh as loan charges, fees and commission on loans sought by the deceased and 11 others whom he had introduced to Sawant. When Sawant fled, the deceased was under pressure to return the money to the 11 others, including Ankush Kale, the fourth person named in the FIR.