Moneylender Friend Demands ₹62 Lakh After Collecting ₹16 Lakh Interest on ₹25 Lakh Loan in Ahmedabad
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Summarized by AI; it may make mistakes. Check important info
A businessman in Ahmedabad’s Nikol area has filed a police complaint against his childhood friend for allegedly harassing him over a loan of ₹25 lakh. The businessman claimed that he had already paid around ₹16 lakh as interest, but his friend still demanded another ₹62 lakh. The accused allegedly pressured him for payment and spread the matter among his relatives, causing him embarrassment. Nikol police have registered a case and started an investigation.
According to the complaint, the businessman, Gopalbhai Patel, lives in a paying guest (PG) accommodation at Mansarovar Row House. He runs an online business dealing in gift articles and textiles. On June 20, he needed money for his business and discussed his financial problem with his childhood friend, Chirag Kanubhai Goti.
Loan of ₹25 Lakh at 20% Monthly Interest
Gopalbhai told Chirag that he needed ₹25 lakh for his business. Chirag allegedly agreed to lend him the money for one year at a monthly interest rate of 20%. The two reportedly reached an oral agreement, and Chirag delivered the cash to Gopalbhai’s PG accommodation within an hour.
The complaint states that Gopalbhai regularly paid interest on the loan. By September, he had paid around ₹16 lakh as interest. However, on September 15, Chirag allegedly visited his PG accommodation and demanded ₹62 lakh, claiming that the amount included both the principal and interest.
- Original Loan: ₹25 lakh
- Interest Paid: ₹16 lakh
- Amount Demanded by Chirag: ₹62 lakh (including the principal and interest)
Gopalbhai reportedly told Chirag that the agreed one-year loan period had not ended. Despite this, Chirag allegedly continued to pressure him to pay the amount and refused to settle the matter.
Alleged Harassment and Public Humiliation
The businessman further alleged that Chirag shared details of the loan dispute with his relatives, leading to his humiliation and ridicule. Troubled by the repeated demands and alleged harassment, Gopalbhai finally approached the Nikol police station and lodged a complaint against his childhood friend.
Police have registered a case based on the complaint and started further investigation into the alleged high-interest lending, recovery demands and harassment.
