Mumbai Shocker: Moneylenders Abduct 63-Year-Old Mother Over Son's Unpaid Debt

• A 63-year-old woman, Pinakini Bhansali, was abducted by moneylenders in Mumbai's Juhu area after her son, Monil, failed to repay an 80 lakh rupee loan.
• The moneylenders, Zafar Qureshi and accomplices, forced the mother to sign documents confessing to the debt and provide a thumb impression.
• Monil had borrowed a large loan at 30% interest, mortgaging jewelry worth 3 crore rupees, and had already repaid 80 lakh rupees.
• Police arrested Alfaz Firoz Kasam, an accomplice of Qureshi, on charges of kidnapping, illegal moneylending, extortion, and criminal intimidation; Qureshi is absconding.
• The Crime Branch seized loan agreements, vehicle sale agreements, and a mobile phone with a video of the forced signing, suspecting Qureshi targeted many others.

Why It Matters: Illegal moneylenders abducted a mother to recover a son's debt, highlighting dangers of unlicensed lending.