Sagar Doshi, who swindled many city residents with high-interest illegal loans and took over their properties, has been arrested by the Belta-Rodi police.
Sagar had a dispute with Kaustubh Ashtikar. On January 10, 2017, Sagar gave loan to Kaustubh Rs 2.5 lakh, charging 10 percent monthly interest. He imposed a condition that any delay in paying the interest would result in a daily fee of Rs 2,000. Even after Kaustubh repaid Rs 19.45 lakh, Sagar continued to threaten him. Additionally, Sagar forcibly transferred Kaustubh’s flat in Besa and a shop owned by Kaustubh’s brother into his own name.