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Pune Young Businessman Ends Life Over Extortion And Threats
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News18•17-10-2026, 14:04
Pune Young Businessman Ends Life Over Extortion And Threats
- •A 34-year-old textile businessman died by suicide in Pune after facing relentless harassment from moneylenders.
- •The victim and his brother had repaid a staggering Rs 1.13 crore towards principal and interest against loans taken for their business.
- •Despite clearing the dues, the accused continuously demanded more money, issued death threats, and pressured him to transfer his house and vehicle.
- •A suicide note left behind by the victim detailed the severe torture inflicted by the accused individuals.
- •Chandannagar police have registered a case against five people, including the primary moneylender, and are investigating the matter.
Key Questions Answered
Ravindra Subhash Asalkar, a 34-year-old textile businessman in Pune, died by suicide after facing relentless harassment, death threats, and extortion from moneylenders, despite having already repaid over Rs 1.13 crore toward his business loan principal and interest.
The brothers took an initial loan of approximately Rs 47,80,000 from moneylender Suresh Jaibhaye at a monthly interest rate of 3 to 5 percent after failing to secure a bank loan for their textile business.
Based on a suicide note left by the deceased, the Chandannagar police have registered a formal case against five individuals, including prime moneylender Suresh Jaibhaye, for their role in driving the businessman to suicide.
