Illegal Lenders Under Scrutiny After Businessman's Suicide

A businessman, Kishore Davane, committed suicide due to the pressure of exorbitant interest rates and harassment from illegal moneylenders in Dahanu. A suicide note has revealed names of five individuals involved, leading to two arrests. The police are verifying the document's authenticity before further action.


Devdiscourse News Desk | Palghar | Updated: 27-12-2025 22:53 IST | Created: 27-12-2025 22:53 IST
Illegal Lenders Under Scrutiny After Businessman's Suicide
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  • India

The aftermath of a businessman's suicide in Dahanu has cast a spotlight on illegal moneylenders. The deceased, Kishore Davane, reportedly succumbed to the immense pressure of high interest rates and persistent harassment.

A suicide note unearthed after his death on August 2 implicated five individuals. While two have been apprehended, police efforts to capture the remaining suspects continue.

Questions about the four-month delay in registering an FIR were addressed by police officials, who emphasized the need for a stringent verification process of the suicide note. The case underscores the pervasive issue of illegal lending practices in the region.

(With inputs from agencies.)

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