Ludhiana: In a dramatic twist to the kidnapping of Gujarat-based trader Sujeet Dinkar Patil, his business partner Rajender Bhai Dibre is now not a suspect but a fellow victim. Police claim to have found out that a group subjected both men to extortion, violence, and captivity over a ₹21 lakh financial dispute.
The Gujarati trader, who runs Patil Textiles in Ludhiana, was bundled into a car on Nov 21 while visiting his tax advocate’s office with his accountant, Jagdeep Singh.Police investigation suggest that the kidnappers took Patil to a Ghaziabad hotel, assaulted him to extort money, coerced him into signing blank cheques, and then brought him back to Ludhiana for collecting cash.
Rajender, Patil’s business associate, was also lured to Delhi earlier under the pretence of resolving the dispute. He was held captive and used for forcing Patil into paying the ₹21 lakh owed. Police said that Rajender was untraceable.
Police arrested two suspects, Maganjit Singh and Jasin Sheikh, near Sahnewal’s elevated road and rescued Patil from them. However, four accomplices, including the alleged mastermind Shubham Dikshit, remain at large. Investigators recovered one of their getaway cars used in the abduction but are still searching for the i20 involved in the initial kidnapping.
Failed transaction behind crime
Additional deputy commissioner of police (investigation) Amandeep Singh Brar stated that the dispute had stemmed from a failed financial transaction. Dikshit allegedly gave ₹21 lakh in cash to Patil and Rajender for a bank entry, which they did not complete. Frustrated, Dikshit and his group kidnapped both men to recover the money.
Police are investigating whether the suspects are involved in money laundering activities, which may be linked to the ₹21 lakh transaction. Brar said: “Further details will emerge once we catch the mastermind and locate the missing car.” This case underscores the complexities of financial disputes escalating into criminal acts, with authorities now pursuing leads to bring all culprits to justice.
The Gujarati trader, who runs Patil Textiles in Ludhiana, was bundled into a car on Nov 21 while visiting his tax advocate’s office with his accountant, Jagdeep Singh.Police investigation suggest that the kidnappers took Patil to a Ghaziabad hotel, assaulted him to extort money, coerced him into signing blank cheques, and then brought him back to Ludhiana for collecting cash.
Rajender, Patil’s business associate, was also lured to Delhi earlier under the pretence of resolving the dispute. He was held captive and used for forcing Patil into paying the ₹21 lakh owed. Police said that Rajender was untraceable.
Police arrested two suspects, Maganjit Singh and Jasin Sheikh, near Sahnewal’s elevated road and rescued Patil from them. However, four accomplices, including the alleged mastermind Shubham Dikshit, remain at large. Investigators recovered one of their getaway cars used in the abduction but are still searching for the i20 involved in the initial kidnapping.
Failed transaction behind crime
Additional deputy commissioner of police (investigation) Amandeep Singh Brar stated that the dispute had stemmed from a failed financial transaction. Dikshit allegedly gave ₹21 lakh in cash to Patil and Rajender for a bank entry, which they did not complete. Frustrated, Dikshit and his group kidnapped both men to recover the money.
Police are investigating whether the suspects are involved in money laundering activities, which may be linked to the ₹21 lakh transaction. Brar said: “Further details will emerge once we catch the mastermind and locate the missing car.” This case underscores the complexities of financial disputes escalating into criminal acts, with authorities now pursuing leads to bring all culprits to justice.
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