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New Delhi: A 42-year-old man from Delhi’s Gandhi Nagar area, identified as Lalit Mohan, tragically ended his life after his small loan of ₹50,000 reportedly ballooned to ₹10 lakh due to mounting interest and pressure from the lender. Before taking the extreme step, Mohan recorded a video holding financier Sanjeev Jain responsible for his financial distress.
According to police sources, Mohan had borrowed ₹50,000 but was allegedly harassed by Jain over repayment, with exorbitant interest rates pushing the debt to an unmanageable sum. Facing immense pressure, Mohan recorded a video statement before his suicide, naming Jain as the primary cause of his ordeal.
Authorities launched an investigation following the discovery of the video and subsequently arrested Jain on charges of abetment to suicide under relevant sections of the Indian Penal Code.
“We have arrested the accused and are probing the case further. The video evidence and other testimonies will be crucial in the investigation,” a police official stated.Delhi
Mohan’s family has demanded strict action against the accused, alleging that he was subjected to constant threats and harassment. This incident has once again highlighted the dangers of unregulated lending practices and the devastating consequences of unchecked financial exploitation.
The police are also looking into whether Jain was part of a larger illegal lending network, preying on vulnerable borrowers with exorbitant interest rates.
Authorities have urged citizens facing financial distress to seek legal and institutional assistance instead of turning to private moneylenders operating outside legal frameworks.
Mohan’s death has sparked outrage and renewed discussions on the need for stringent regulations on private lending practices to prevent similar tragedies in the future.
