Lender Hell’s Well

Businessman arrested Nana Gaikwad allegedly tortured his borrowers by hanging them upside down in a well at his home; Pimpri-Chinchwad police call on victims to come forward and file a complaint against him

In a bloody act that will bring shame to mankind, a Pimpri-Chinchwad-based businessman and moneylender, Nana Gaikwad, allegedly hanged his borrowers upside down in a well in his house and threatened them with release them if they don’t repay his loan. He would tell them that the well was home to a crocodile and that they would become food for the giant reptile if they didn’t comply with its conditions, a police investigation revealed. Even a strict Maharashtra law on controlling organized crime (MCOCA) was invoked against him. Gaikwad was arrested by Pune police on Wednesday.

Police said Gaikwad used to kidnap people and take them to his farm and hang them in the well with their hands and feet tied. He tortured people physically and mentally. Borrowers often ended up repaying by selling their properties and jewelry. It was his modus operandi to take over people’s lands.

One of the complainants said the accused used to lend money at 10% interest and after three months doubled the interest rate. Due to which people could not pay it back on time. Taking advantage of this, Gaikwad and his son, Ganesh brutally torture people.

The businessman Nana Gaikwad who allegedly brutally tortured many people by hanging them well in his farm and his residence, to realize his money

“Nana Gaikwad’s fear was such that people were afraid to press charges against him. Even if someone dared to do it, the police would not take his case because Gaikwad was an influential person having contact with officers of DG rank, ”said the woman.

“Even the cops would dissuade filing a complaint against him. After several unsuccessful attempts to file a complaint, I approached the police commissioner of Pimpri-Chinchwad Krishna Prakash and finally, a case has been registered against him, ”added the woman.

Sharing his ordeal, a victim of Gaikwad’s alleged brutality said the accused had a farm in Sus, where he had taken him and threatened to throw him into a well there. “He mistreated me and fired two shots in the air to scare me. It’s a gambling den, but the police never searched this place, ”he added.

The accused also used to forcibly undress people and lock them in a room. One of his victims died of a heart attack after the incident, a police investigation has revealed. Now the Pimpri-Chinchwad police are looking for people who have been brutally treated by Gaikwad.

Twin towns CP Prakash appealed to those who were brutally treated by Nana Gaikwad and her son Ganesh Gaikwad, come forward and register their complaints.


The accused also used to forcibly undress people and lock them in a room. One of his victims died of a heart attack after the incident, a police investigation revealed


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